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First Equity Modaraba Interim / Quarterly Report 2018

Apr 27, 2018

Interim / Quarterly Report

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	Quarter e	nded	Nine month	s ended
	March 31 2018 Rupees	March 31 2017 Rupees	March 31 2018 Rupees	March 31 2017 Rupees
Income	5,715,529	38,398,163	15,525,914	59,919,129
Expenditure
Operating expenses	(4,760,235)	(6,417,110)	(14,000,554)	(17,204,830)
Operating profit	955,294	31,981,053	1,525,360	42,714,299
Taxation	-	-	-	-
Profit for theperiod	955,294	31,981,053	1,525,360	42,714,299
Earnings per certificate	0.0182	0.6099	0.0291	0.8145

	Quarter	ended	Nine Mont	h ended
	March 31 2018 Rupees	March 31 2017 Rupees	March 31 2018 Rupees	March 31 2017 Rupees
Income	50,081,519	50,354,500	96,301,966	80,456,676
Expenditures
Operating expenses	(12,559,049)	(13,874,773)	(35,472,694)	(35,301,096)
Distribution and sellingexpenses	(4,310,735)	(3,097,440)	(13,255,639)	(11,622,169)
	(16,869,784)	(16,972,213)	(48,728,333)	(46,923,265)
Operating profit	33,211,735	33,382,287	47,573,633	33,533,411
Unrealised loss on remeasurement of investment	1,729,120		(11,855,176)
Financial charges	(16,793,696)	(17,730,017)	(48,352,451)	(49,365,081)
	18,147,159	15,652,270	(12,633,994)	(15,831,670)
Other income	1,433,111	(11,466)	1,762,046	847,618
	19,580,271	15,640,804	(10,871,947)	(14,984,052)
Other charges	-	(2,116)	-	(2,116)
Profit /(Loss) before tax	19,580,271	15,638,688	(10,871,947)	(14,986,168)
Taxation
- current	(7,689,166)	(3,168,459)	(22,637,029)	(14,409,017)
- prior	-	-	(628,815)	(198,235)
- deferred	12,529,445	8,019,117	19,110,433	14,296,841
	4,840,279	4,850,658	(4,155,411)	(310,411)
Profit /(Loss) for the period	24,420,550	20,489,346	(15,027,358)	(15,296,579)
Profit / (Loss) Earnings per certificate	0.47	0.39	(0.29)	(0.29)