First Imrooz Modaraba’s financial results for the half year ended on 31 December 2011 - AsiaNet-Pakistan

First Imrooz Modaraba’s financial results for the half year ended on 31 December 2011

[ 0 ] February 17, 2012 | Financial Results | Share:

Karachi: We have to inform you that Board of Directors of the our Modaraba in their meeting held on 17 February 2012 at 10:30 a.m. at 405, Beaumont Plaza Road, Civil Lines Quarters, Karachi, have approved the financial statements for the half year ended December 31, 2011.

The Financial result s of the Modaraba are as follows:

 

Rs. In  ‘000
Half Year ended Quarter ended
Dec 31,2011 Dec 31,2010 Dec 31,2011 Dec 31,2010
Sales 345,550 232,057 153,905 122,448
Cost of sales 298,637 199,354 133,975 107,039
——- ——- ——- ——-
Gross profit 46,913 32,703 19,930 15,409
Operating expenses 18,811 15,532 8,811 7,556
——- ——- ——- ——-
Operating profit 28,102 17,171 11,119 7,853
Murabaha charges (2,442) (1,155) (1,542) (641)
Other income 955 966 593 323
Worker’s welfare fund (341) (153)
Unrealized (diminution) /appreciation
on re-measurement of investments (410) 68 (276) 105
——- ——- ——- ——-
26,205 16,709 9,894 7,487
Modaraba company’s management fee 2,358 1,504 890 674
——- ——- ——- ——-
Profit before taxation 23,847 15,205 9,004 6,813
Taxation 15,286 9,197 6,207 4,928
——- ——- ——- ——-
Profit for the period 8,561 6,008 2,797 1,885
——- ——- ——- ——-
Earnings per certificate – Basic and diluted   Rs. 2.85 2.00 0.93 0.63

 

We will be sending you 300 copies of printed accounts for distribution amongst the members of the Exchange.

For more information, Contact:
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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