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Karachi: We hereby inform you that the Board of Directors of First UDL Modaraba Management (Private) Limited (FUDLM), Manager of First UDL Modaraba in their meeting held on October 28, 2011 at 10:00 a.m. at 8th Floor, NIC Building, Abbasi Shaheed Road Karachi, recommended the following:
(i) Cash Dividend
Nil
(ii) Bonus Certificate
Nil
(iii)Right Certificates
Nil
The financial results of First UDL Modaraba are enclosed herewith.
Profit and Loss Account (Un-Audited) for the First Quarter Ended September 30, 2011
|
Sept. 2011 |
Sept. 2010 |
|
|
Rupees in `000′ |
||
| Revenues | ||
| – Ijarah Operation | 21,865 | 14,500 |
| – Musharika | 7,527 | 11,400 |
| – Investments | (2,784) | 12,586 |
| – Other sources | 4,450 | 111 |
| —— | —— | |
| Expenses | ||
| – Administrative expenses | 5,360 | 5,539 |
| – Amortization on assets leased out | 17,221 | 12,210 |
| —— | —— | |
| 22,581 | 17,749 | |
| —— | —— | |
| Operating Profit | 8,477 | 20,848 |
| Unrealized gain / (loss) on re-measurement of investments | ||
| at fair value through profit or loss | 2,707 | (145) |
| Share of profit from associates (Unrealized) | 7,108 | 2,415 |
| —— | —— | |
| 9,815 | 2,270 | |
| —— | —— | |
| Profit for the quarter | 18,292 | 23,118 |
| —— | —— | |
| Earnings per certificate – basic and diluted | 0.70 | 0.88 |
For more information, contact:
First UDL Modaraba Management (Private) Limited
NIC Building, 8th Floor,
Abbasi Shaheed Road,
Off: Shahrah-e-Faisal,
Karachi – 75530, Pakistan
Tel: 3563 5501-4
Fax: 3563 5505
E-mail: info@udlmodaraba.com
Web: www.udlmodaraba.com