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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

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Habib Modarba Ltd. announced Financial Results for the year ended June 30, 2017.

The company’s Income from Lease Financing for the period decreased by 13 percent in the outgoing year, whereas the Profit after Taxation for the Period also declined 1 percent.

The board has recommended an interim Cash Dividend for the quarter ended June 30, 2017 at the rate of 20% i.e. Rs 1/- per share. The board issued no bonus or right shares.

Comparison of Key Financials:

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%

 

The complete statements can be accessed here.

Posted on: 2017-08-10T15:36:00+05:00