Karachi: We have to inform you that the Board of Directors of our Modaraba in their meeting held on October 8, 2011 at 2:00 p.m. Ground Floor, 90, A-1, Canal Rank, Gulberg II, Lahore and recommended the following:
|(iv)||Any Other Entitlement/Corporate Action||Nil|
|(v)||Any Other Price-Sensitive Information||Nil|
The financial results of We Modaraba are attached as annexure “A”.
The Annual Review Meeting of the Modaraba will be held on October 31, 2011 (Monday) at 11:00 A.M at 6th Floor M. M. Tower 28-A, Block – K, Gulberg II Lahore.
The Certificate Transfer Books of the Modaraba will be remain closed from October 25, 2011 to October 31, 2011 (both days inclusive) for the determination of names of the certificate holders for attendance of Annual Review Meeting. Certificate holders whose names are entered in the Register of certificate holders as on October 24, 2011 shall be entitled to attend the meeting.
|Operating profit/(Loss) before provisions and taxation|
|Provision for non performing receivables||29,263,732||(5,927,997)|
|Modaraba Company’s management fee||984,162||–|
|Profit / (Loss) before taxation||8,680,310||(11,530,006)|
|Profit/(Loss) after taxation||8,680,310||(11,849,077)|
|Profit / (loss) per certificate basic and diluted||0.33||(0.45)|
For more information, contact:
First Fidelity Leasing Modaraba
Ground Floor 90, A-1 Canal Bank,
Gulberg II, Lahore.