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Karachi, October 30, 2012 (PPI-OT): We hereby inform you that the Board of Directors of UDL Modaraba Management (Private) Limited, Manager of First UDL Modaraba (FUDLM) in their meeting held on October 30, 2012 at 10:00 a.m. at C-117/I, KDA Scheme No. 1, Tipu Sultan Road Karachi, recommended the following:
(i) Cash Dividend
Nil
(ii) Bonus Certificates
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, 2012
|
Sept 2012 |
Sept 2011 |
|
|
Rupees in ‘000′ |
||
| Revenues | ||
| – Ijarah Operation |
31,980 |
21,865 |
| – Musharika |
5,040 |
7,527 |
| – Investments |
81 |
(2,784) |
| – Other sources |
1,385 |
4,450 |
|
—— |
—— |
|
|
38,486 |
31,058 |
|
| Expenses | ||
| – Administrative expenses |
5,828 |
5,360 |
| – Amortization on assets leased out |
24,717 |
17,221 |
|
—— |
—— |
|
|
30,545 |
22,581 |
|
|
—— |
—— |
|
| Operating Profit |
7,942 |
8,477 |
| Unrealized gain/ (loss) on re-measurement of investments | ||
| at fair value through profit or loss |
1,296 |
2,707 |
| Share of profit from associates (Unrealized) |
3,929 |
7,108 |
|
—— |
—— |
|
|
5,225 |
9,815 |
|
|
—— |
—— |
|
| Profit for the quarter |
13,167 |
18,292 |
|
—— |
—— |
|
| Earnings per certificate-basic and diluted |
0.50 |
0.70 |
For more information, contact:
First UDL Modaraba
NIC Building, 8th Floor, Abbasi Shaheed Road,
Off Shahrah-e-Faisal, Karachi-75530-Pakistan
Tel: 3563 5501-4
Fax: 3563 5505,
Email: info@udlmodaraba.com
Web: www.udlmodaraba.com