Karachi: We have to inform you that the Board of Directors of our Modaraba in its meeting held on Thursday, 06th October, 2011, at 09.30 am has approved the Financial Results for the year ended June 30, 2011, as per following:-
1. Cash Dividend:
A final cash Dividend for the year ended 30th June, 2011 @ Rs.2.35 per certificate i.e. 23.50%.
2. Bonus Issue: Nil
3.Right Share Nil
The Financial Results of First Paramount Modaraba (FPRM) are enclosed herewith.
The Annual Review Meeting (ARM) of First Paramount Modaraba will be held on Thursday, 27th October, 2011 at 08.00 p.m. at our office Suit No: 107 and 108, 01st Floor, PECHS Community Hall, Block-2, PECHS, Shahrah-e-Quideen, Karachi.
The Share Transfer Book of the Company will remain closed from Wednesday, 19th October, 2011 to Thursday, 27th October, 2011 (both days inclusive).
Profit and Loss Account for the Year Ended 30 June 2011
|Provision for doubtful recoveries||1,649,323||(128,812)|
|Provision for workers’ welfare fund||(630,291)||(376,355)|
|Modaraba company’s management fee||20||(1,440,442)||(731,883)|
|Profit from continuing operations||12,963,976||6,586,948|
|Profit from discontinued operations – net||21||14,831,864||10,126,249|
|Profit for the year Rupees||27,795,840||16,713,197|
|Earnings per certificate – basic and diluted||22||4.74||2.85|
|Earnings per certificate – basic and diluted||22||2.21||1.12|
The annexed notes 1 to 29 form an integral part of these financial statements.
For more information, contact:
Mazhar ul Haque Siddiqui
General Manager Corporate Affairs
First Paramount Modaraba
First Floor, Suit # 107 and 108,
P.ECH.S. Community Hall,
Block No. 2, P.E.C.H.S,
Phone Nos. 34381037