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First Habib Modaraba’s financial results for the quarter ended 30th September 2011

Karachi: We would like to inform you that the Board of Directors of the Management company in their meeting held on October 24, 2011 at 11:30 a.m. at 5th Floor, HBZ Plaza, I.I. Chundrigar Road. Karachi recommended the following:

(i) Cash Dividend      Nil
(ii) Bonus Shares      Nil
(iii) Right Shares     Nil

The Financial results of the Modaraba for the first quarter ended 30th September 2011 are as Follows:

 

30-Sep-11

30-Sep-10

(Rupees)

(Rupees)

(unaudited)

(unaudited)

Income from Ijarah (leasing) 82,598,675  86,595,506
Profit on diminishing musharaka finance  9,354,559 2,502,027
 ———-  ———-
 91,953,234  89,097,533
Administrative expenses 18,624,670 22,417,573
 ———-  ———-
73,328,584 66,679,960
Other income 17,525,183 12,141,521
 ———-  ———-
 90,853,727 76,821,481
Financial expenses  19,528,667 14,625,105
———- ———-
 71,325,060 64,196,378
Modaraba company’s management fee (7,132,506) (6,419,638)
———-  ———-
Profit after the period 64,192,554 57,776,738
 ———- ———-
Earnings per certificate- basic and diluted  0.32 0.29

 

For more information, contact:
Adnan Thanwey
Company Secretary
First Habib Modaraba
5th Floor, HBZ Plaza (Hirani Centre)
I.I. Chundrigar Road, Karachi-74200
Tel: 2635949-51
Fax: 2627373
E-mail: fhm@habibmodaraba.com
Website: www.habibmodaraba.com

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