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First Imrooz Modaraba’s financial results for the first quarter ended 30 September 2011

Karachi: We have to inform you that the Board of Directors of out Modaraba Management Company in their meeting held on October 25, 2011 at 10:00 a.m. at Room No. 405, 4th Floor, Beaumont Plaza, Civil Lines Quarters, Beaumont Road, Karachi, recommended the following:

The Financial results of the Modaraba are as follows:

 

Rs. ‘0000’

Jul – Sep

Jul – Sep

2011

2010

Sales  191,645 109,608
Cost of sales 164,663 92,315
——-  ——-
Gross profit 26,982  17,293
Operating expenses 9,999  7,976
 ——- ——-
Operating profit  16,983 9,317
Modaraba charges  (900)  (513)
Workers’ welfare fund  (188)
Other income 362 642
Unrealized diminution
on re-measurement of investments  (134) (37)
——- ——-
 16,311 9,221
Modaraba company’s management fee 1,468 830
——- ——-
Profit before taxation 14,843  8,391
Taxation 9,079 4,269
 ——- ——-
Profit for the quarter 5,764 4,122
 ——- ——-
Earnings per certificate – basic and diluted  1.92 1.37

 

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

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