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

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.

Posted on: 2017-09-11T10:08:00+05:00