Karachi: We are pleased to inform you that the Board of Directors of the company in their meeting held on 26th July 2011 at 11:30 a.m. have approved audited accounts of First Habib Modaraba (FHAM) for the financial year ended 30th June 2011 and approved the following;
(1) Cash Dividend
A final Cash dividend for the year ended June 30, 2011 at Rs. 1.10 per Certificate i.e. 22%
(2) Bonus Shares Nil
(3) Right Shares Nil
|
2011 |
2010 |
|
|
Rupees |
Rupees |
|
| Income from ijarah (leasing) | 327,337,741 | 311,181,940 |
| Profit on diminishing musharaka financing | 18,942,946 | 6,469,212 |
| ———– | ———– | |
| 346,280,687 | 317,651,152 | |
| Administrative expenses | (55,711,113) | (47,817,128) |
| ———– | ———– | |
| 290,569,574 | 269,834,024 | |
| Other income | 91,645,196 | 93,777,281 |
| Other operating charges | (7,240,325) | (15,626,013) |
| ———– | ———– | |
| 374,974,445 | 347,985,292 | |
| Financial charges | (66,172,247) | (50,851,357) |
| ———– | ———– | |
| 308,802,198 | 297,133,935 | |
| Modaraba Company’s management fee | (30,880,220) | (29,713,394) |
| ———– | ———– | |
| Profit for the year | 277,921,978 | 267,420,541 |
| ———– | ———– | |
| Earnings per certificate- basic and diluted | 1.38 | 1.33 |
Close of Transfer Book and Annual Review Meeting
The Certificate Transfer Book of Modaraba will be closed from 25-08-2011 to 31-08-2011 (both days inclusive) Transfer received in order at the office of Registrar of First Habib Modaraba vis M/s. Noble Computer Services (Pvt.) Limited before the close of business hours on 24-08-2011 will be treated in time for the purpose of entitlement of dividend.
Detail of Annual Review Meeting will be informed to you in due course of time.
Address of registrar of First Habib Modaraba
M/s. Noble Computer Services (Pvt.) Limited
Mezzanine Floor,
House of Habib Building,
(Siddiqsons Tower)
3-Jinnah Cooperative Housing Society,
Main Shahrah-e-Faisal,
Karachi – 75350
PABX: (92-21) 34325482-87
Fax: (92-21) 34325442
For more information, contact:
First Habib Modaraba
5th Floor, HBZ Plaza,
(Hirani Centre) I.I. Chundrigar Road,
Karachi-74200
Tel: +9221 2635949-51
Fax: +9221 2627373
E-mail fhm@habibmodaraba.com
Website: www.habibmodaraba.com