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Karachi, February 19, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Modaraba in their meeting held on 19 February 2013 at 10:30 a.m. at 405, Beaumont Plaza, Beaumont Road, Civil Lines Quarters, Karachi, have approved the financial statements for the half year ended December 31, 2012.
The Financial results of the Modaraba are as follows:
|
Rs. in ‘000 |
||||
|
Half Year ended |
Quarter ended |
|||
|
Dec 31, 2012 |
Dec 31, 2011 |
Dec 31, 2012 |
Dec 31, 2011 |
|
| Sales |
309,805 |
345,550 |
132,194 |
153,905 |
| Cost of sales |
269,154 |
298,637 |
115,417 |
133,975 |
|
——- |
——- |
——- |
——- |
|
| Gross profit |
40,651 |
46,913 |
16,777 |
19,930 |
| Operating expenses |
16,355 |
18,811 |
7,891 |
8,811 |
|
——- |
——- |
——- |
——- |
|
| Operating profit |
24,296 |
28,102 |
8,886 |
11,119 |
| Morabaha charges |
(2,466) |
(2,442) |
(1,063) |
(1,542) |
| Other income |
1,267 |
955 |
356 |
593 |
| Unrealised appreciation/ (diminution) | ||||
| on re-measurement of investments |
604 |
(419) |
491 |
(276) |
|
——- |
——- |
——- |
——- |
|
|
23,701 |
26,205 |
8,670 |
9,894 |
|
| Profit payable to the modaraba | ||||
| company as their remuneration |
2,133 |
2,358 |
2,133 |
890 |
|
——- |
——- |
——- |
——- |
|
| Profit before taxation |
21,568 |
23,847 |
6,537 |
9,004 |
| Taxation |
12,091 |
15,286 |
5,049 |
6,207 |
|
——- |
——- |
——- |
——- |
|
| Profit for the period |
9,477 |
8,561 |
1,488 |
2,797 |
|
——- |
——- |
——- |
——- |
|
| Earnings per certificate-Basic and diluted Rs. |
3.16 |
2.85 |
0.50 |
0.93 |
For more information, contact:
Shabbir Ahmed Jamsa
Company Secretary
A R Management Services (Pvt.) Limited
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