Half-Year Ended

Quarter Ended

NOTE

10

December 31,

December 31,

December 31,

December 31,

2003

2002

2003

2002

-------------------------------- Rupees--------------------------------

INCOME

Income from loans, term finances and credit facilities

60,558,869

83,962,479

27,437,308

40,553,116

Income from investments

63,554,003

100,024,218

42,408,301

41,798,996

Net gain / (loss) on sale of investments

26,066,264

30,286,678

(2,754,043)

13,419,605

Fee, commission and brokerage

32,283,595

18,803,028

15,460,155

9,290,886

Other income

478,543

578,551

173,734

344,945

182,941,274

233,654,954

82,725,455

105,407,548

EXPENDITURE

Return on deposits and borrowings

48,152,913

126,232,609

24,419,144

55,159,865

Administrative and operating expenses

29,805,386

24,493,286

15,849,215

13,726,598

77,958,299

150,725,895

40,268,359

68,886,463

Profit before taxation

104,982,975

82,929,059

42,457,096

36,521,085

Provision for taxation           - current

30,000,000

26,000,000

10,730,683

10,913,129

                                             - deferred

(5,242,825)

(3,773,000)

(5,242,825)

(1,886,500)

24,757,175

22,227,000

5,487,858

9,026,629

Profit after taxation

62,225,800

50,202,059

27,969,238

21,494,456

Unappropriated profit brought forward

50,484,913

34,755,134

84,741,475

63,462,737

Earnings per share - Basic

9

Rs. 2.074

Rs. 2.510

Rs. 0.932

Rs. 1.075

Earnings per share - Diluted

9

Rs. 2.074

Rs. 1.932

Rs. 0.932

Rs. 0.827

The annexed notes from 1 to 13 form an integral part of these financial statements.