First Habib Modaraba’s profit and loss account for half year ended December 31, 2011 (Unaudited)

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Karachi: We wish to inform you that the Board of Directors of the Management Company in their meeting held art Friday, 27th January 2012 at 11:30 a.m. at 5th Floor, HBZ Plaza, I. I. Chundrigar Road, Karachi recommended the following:

 

(I) Cash Dividend           Nil
(II) Bonus Shares           Nil
(III) Right Shares          Nil

 

	Half year ended		Quarter ended
	December 31,	December 31,	December 31,	December 31,
	2011	2010	2011	2010
	Rupees
Income from Ijarah (leasing)	173,584,639	171,348,280	90,986,164	84,752,774
Profit on Diminishing Musharaka financing	21,367,188	5,446,866	12,012,629	2,944,839
	———–	———–	———–	———-
	194,952,027	176,795,146	102,998,793	87,697,613
Administrative Expenses	(32,947,975)	(35,937,437)	(15,145,461)	(14,995,359)
	———–	———–	———–	———-
	162,004,052	140,857,709	87,853,332	72,702,264
Other income	34,052,659	25,348,756	16,627,496	13,207,235
Other operating charges	(3,461,546)	(3,650,058)	(2,639,389)	(2,174,563)
	———–	———–	———–	———-
	192,595,165	162,556,407	101,741,439	83,734,926
Financial charges	(44,251,922)	(32,149,854)	(24,723,255)	(17,524,749)
	———–	———–	———–	———-
	148,343,243	130,406,553	77,018,184	66,210,177
Modaraba Co. management fee	(14,834,324)	(13,040,655)	(7,701,818)	(6,521,018)
	———–	———–	———–	———-
Profit for the Period	133,508,919	117,365,898	69,316,366	59,589,159
	———–	———–	———–	———-
Earning per certificate – Basic and Diluted	0.66	0.58	0.34	0.30

 

 

For more information, contact:
Adnan Thanwey
Company Secretary
First Habib Modaraba
5th Floor, HBZ Plaza (Hirani Centre)
I.I. Chundrigar Road, Karachi-74200
Tel: 2635949-51
Fax: 2627373
E-mail: fhm@habibmodaraba.com
Website: www.habibmodaraba.com