Corporate Alert: Sindh Modaraba reports an EPS of 0.58/- per share for the period ended June 30, 2017

Unconsolidated Profit and Loss Account - For the Six Months Ended

Key Financials

Jan - June, 2017

Jan - Jun, 2016

% Change

Income From

132,576,454

85,493,490

55%

Diminishing musharka

23,339,004

14,867,889

57%

Ijarah rental

89,630,101

59,085,026

52%

Bank Deposits

19,607,349

10,259,851

91%

Gain on disposal of investments

-

1,280,724

-100%

Admin and Operating Expenses

24,123,893

17,232,616

40%

Depreciation - ijarah assets

77,468,540

50,859,629

52%

General provision for doubtful receivables

1,240,021

1,266,401

-2%

Other income

496,620

7,755,465

-94%

Modaraba Management Company's remuneration

3,024,062

2,389,031

27%

Sindh Sales Tax on Modaraba Mgmt. Co. remuneration

393,129

334,646

17%

Workers' Welfare Fund

536,469

423,336

27%

Profit before taxation

26,286,960

20,743,478

27%

Taxation

-

-

Profit for the year

26,286,960

20,743,478

27%

EPS - basic and diluted

1

0

26%