First Paramount Modaraba’s financial results for the half yearly accounts ended on 31st December, 2012

Related Articles

Financial results of Faran Sugar Mills Limited for year ended September 30, 2016

December 29, 2016

Financial results of Sui Northern Gas Pipelines Limited for quarter ended September 30, 2016

December 28, 2016

Karachi, February 27, 2013 (PPI-OT): This is to inform you that the Board of Directors of the Paramount Investments Limited, the Managers of First Paramount Modaraba (FPRM) in its meeting held on Wednesday, 27th February, 2013 at 09:30 a.m. at Suit Nos: 107 and 108, 1st Floor, PECHS Community Office Complex, Block-2, PECHS, Shahrah-e-Quideen, Karachi, has recommended the following approved Half-yearly Accounts for the period ended 31st December 2012.

1. CASH DIVIDEND  :       NIL

2. BONUS ISSUE    :       NIL

3. RIGHT SHARE    :       NIL

The Financial Results of Modaraba for the period ended 31st December, 2012, duly reviewed by M/s. KPMG Taseer Hadi and Company are annexed herewith for your kind perusal.

Condensed Interim Profit and Loss Account (Unaudited) for the six months and three months period ended 31 December 2012

	Note	Six months period ended		Three months period ended
		31 December	31 December	31 December	31 December
		2012	2011	2012	2011
Operating income		21,161,511	23,249,939	9,504,142	11,149,198
Operating costs
Operating expenses		10,514,477	9,377,357	5,785,188	4,740,372
(Reversal) for doubtful
recoveries-net		(262,027)	(516,807)	(337,856)	(833,643)
		———-	———-	———	———
		(10,252,450)	(8,860,550)	(5,447,332)	(3,906,729)
		———-	———-	———	———
		10,909,061	14,389,389	4,056,810	7,242,469
Other income	12	3,026,396	2,294,681	1,635,081	1,286,914
		———-	———-	———	———
		13,935,457	16,684,070	5,691,891	8,529,383
Financial charges		(3,143,749)	(3,777,999)	(1,319,805)	(2,315,040)
Provision for workers welfare fund		(215,835)	(258,121)	(87,443)	(124,286)
		———-	———-	———	———
		10,575,873	12,647,950	4,284,643	6,090,057
Modaraba company’s management fee		(1,226,801)	(1,264,795)	(497,018)          (609,006)
		———-	———-	———	———
Profit for the period  Rupees		9,349,072	11,383,155	3,787,625	5,481,051
		———-	———-	———	———
		Restated	Restated
Earnings per certificate- basic
and diluted Rupees	19	1.43	1.84	0.55	0.89

The annexed notes 1 to 23 form an integral part of this condensed interim financial information.

For more information, contact:
First Paramount Modaraba
First Floor, Suit # 107 and 108,
P.E.C.H.S. Community Hall,
Block No. 2 P.E.C.H.S.,
Shahrah-e-Quaideen, Karachi
Ph Nos: 34381037, 34381038, 34381101
Fax: 34534410
E-mail: fpm@cyber.net.pk
Web: www.fpm.com.pk