Earnings Report: Popular Islamic Modaraba (PSX: PIM) today reported Financial Results for the Twelve months ended June 30, 2017
MG News | September 19, 2017 at 09:53 AM GMT+05:00
Popular Islamic Modaraba announced Financial Results for the period ended June 30, 2017.
The company’s Income for the period decreased by 44.24 percent in the outgoing year, whereas the company was Profitable during the Period after suffering from hefty losses last year.
The board has recommended any Cash Dividend for year ended June 30, 2017, no bonus or right shares.
Comparison of Key Financials
| Unconsolidated Profit and Loss Account - For the Year Ended | |||
| Key Financials | 2017 | 2016 | % Change |
| Amounts in PKR | |||
| Income | 31,397,949 | 56,306,598 | -44.24% |
| Operating Expenses | 6,750,689 | 6,025,877 | 12.03% |
| Depreciation of Ijarah Assets | 23,052,067 | 17,599,844 | 30.98% |
| Operating Profit | 1,595,193 | 2,680,877 | -40.50% |
| Other Income | 607,110 | 778,121 | -21.98% |
| (Loss)/Profit before Management Fee | 5,303,632 | (55,737,620) | |
| Management Fee | 530,363 | - | |
| (Loss)/Profit before Taxation | 4,599,840 | (55,737,620) | |
| Taxation | (18,976) | (558,645) | -96.60% |
| (Loss)/Profit after Taxation | 4,580,864 | (56,296,265) | |
| Other Compre: Income | - | - | |
| Total Comprehensive Income | 4,580,864 | (56,296,265) | |
| (Loss)/Earning per certificate - Basic & diluted | 0.46 | (5.63) |
Company release on Earnings Report can be accessed here.
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