Corporate Alert: Habib Modarba Ltd. declares a DPS of Rs. 1.50/- per share and reports an EPS of 2.00 for the year ended June 30, 2017

Financial Results - For the Year Ended

Key Financials

2017

2016

% Change

Income from Lease Financing

218,088,742

250,631,485

-13%

Income on diminishing Musharaka Financing

321,751,433

224,886,195

43%

Administrative Expenses

88,621,151

80,770,950

10%

Other Income

103,658,269

105,362,647

-2%

Other Operating charges

1,378,274

1,207,940

14%

Financial Charges

203,084,962

155,345,333

31%

Modaraba Management Company's Remuneration

35,041,406

34,355,610

2%

Services Sales Tax on Management Company's Remuneration

4,555,383

4,809,785

-5%

Workers Welfare Fund

6,216,345

6,087,814

2%

Profit Before Taxation

304,600,923

298,302,894

2%

Taxation – prior

10,083,761

-

Profit for the Year

294,517,162

298,302,894

-1%

Earnings per certificate - basic and diluted

1.46

1.48

-1%