Earnings Report: First Al-Noor Modaraba (PSX: FANM) today reported Financial Results for Twelve months ended June 30, 2017

By MG News | September 11, 2017 at 10:08 AM GMT+05:00

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First Al-Noor Modaraba announced Financial Results for the period ended June 30, 2017.

The company’s Total Income for the period increased by 68 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 2470.74%percent.

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Year Ended
Key Financials	June, 2017	June, 2016	% Change
	Amounts in PKR
Profit From Trading Activities	1,181,000	(3,216,428)
Income from Ijarah	16,786,648	18,311,151	-8.33%
Income From Investments	16,069,966	6,634,160	142.23%
Total Income	39,366,460	23,437,377	67.96%
Admin: & Operating Expenses	25,575,436	25,473,175	0.40%
Financial & other Charges	36,510	7,700	374.16%
Operating Profit	1,254,515	2,043,672	-38.61%
Other Income	5,163,160	2,573,672	100.61%
Profit before Taxation	3,028,310	117,799	2470.74%
Income Tax Expense	-	-
PAT	3,028,310	117,799	2470.74%
Earnings per certificate - basic	0.14	0.01	1300.00%

Company release on Earnings Report can be accessed here.

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