First Imrooz Modaraba’s financial results for the first quarter ended 30 September 2012 - AsiaNet-Pakistan

First Imrooz Modaraba’s financial results for the first quarter ended 30 September 2012

[ 0 ] October 24, 2012 | Financial Results | Share:

Karachi, October 24, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Modaraba Management Company in their meeting held on October 24, 2012 at 10:00 a.m. at Room No. 405, 4th Floor, Beaumont Plaza, Civil Lines Quarters, Beaumont Road, Karachi, recommended the following:

The Financial results of the Modaraba are as follows:

Rs in ‘000

Jul-Sep

Jul-Sep

2012

2011

Sales

177,612

191,845

Cost of sales

153,737

164,663

——-

——-

Gross profit

23,875

26,982

Operating expenses

8,464

9,999

——-

——-

Operating profit

15,411

16,983

Murabaha charge

(1,403)

(900)

Other income

911

362

Uurealized appreciation/ (diminution)
on re-measurement of investments

113

(134)

——-

——-

15,032

16,311

Profit payable to the Modaraba company as their
remuneration

1,468

——-

——-

Profit before taxation

15,032

14,843

Taxation

7,042

9,079

——-

——-

Profit for the quarter

7,990

5,764

——-

——-

Earnings per certificate-basic and diluted

2.66

1.92

For more information, contact:
Shabbir Ahmed Jamsa
Company Secretary
First Imrooz Modaraba
Room No. 405, 4th Floor,
Beaumont Plaza,
Beaumont Road. Civil Lines Quarters,
Karachi – 75530, Pakistan
Tel: (+92-21) 111 IMROOZ, 3522 2743
Fax: (+92-21) 3522 2668
E-mail: inquiries@imrooz.com

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Category: Financial Results

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