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