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.