First Imrooz Modaraba’s financial results for the year ended 30 June 2012 - AsiaNet-Pakistan

First Imrooz Modaraba’s financial results for the year ended 30 June 2012

[ 0 ] September 19, 2012 | Financial Results | Share:

Karachi, September 19, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Modaraba Management Company in their meeting held on 19 September 2012 at 10:30 a.m., at Room No. 405, 4th Floor, Beaumont Plaza, Civil Lines Quarters, Beaumont Road, Karachi recommended the following;

Cash Dividend

A final profit distribution for the year ended 30 June 2012 at Rs.6.50 per Certificate i.e. 65%.

Financial Results

The financial results of the Modaraba are as follows:

 

Rs. ‘000’

 

2012

2011

Sales

711,425

681,364

Cost of sales

612,621

588,809

 

———

———-

Gross profit

98,804

92,555

Operating expenses

35,347

29,425

 

———

———-

Operating profit

63,457

63,130

Murabaha charges

(5,076)

(5,321)

Other income

2,109

1,805

Diminution on re-measurement of investments

(30)

(62)

 

———

———-

 

60,460

59,552

Modaraba company’s management fee

5,441

5,360

 

———

———-

Profit before taxation

50,019

54,192

Taxation

30,419

26,619

 

———

———-

Profit for the year

24,600

27,573

Appropriation:

-Transfer to Statutory Reserve

4,920

5,515

 

———

———-

Profit after appropriation

19,680

22,058

 

———

———-

Earnings per certificate – basic and diluted Rs.

8.20

9.19

The Annual Review Meeting of the Modaraba will be held on 22 October 2012 at 11:30 a.m. at 33C, Behind Mail Mansion, Shahrah-e-Quaid-e-Azam, The Mall, Lahore.

The Certificate Transfer Books of the Modaraba will be closed from 15 October 2012 to 22 October 2012 (both days inclusive). Transfers received, at the office of our share Registrar M/s. Technology Trade (Pvt.) Ltd., Dagia House, 241-C, PECHS, Block-2, Karachi at the close of business hours on 14 October 2012 will be treated in time for the purpose of above entitlement to the transferees.

The final profit will be paid to the certificate-holders whose names will appear in the Register of

Members on 14 October 2012.

For more information, contact:
Shabir Ahmad 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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