Corporate Alert: Sindh Modaraba reports an EPS of 0.58/- per share for the period ended June 30, 2017

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Sindh Modaraba announced Financial Results for the year ended June 30, 2017.

The company’s Income for the period increased by 55 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 27 percent.

Comparison of Key Financials:

Unconsolidated Profit and Loss Account – For the Six Months Ended

Key Financials

Jan – June, 2017

Jan – Jun, 2016

% Change

Income From

132,576,454

85,493,490

55%

Diminishing musharka

23,339,004

14,867,889

57%

Ijarah rental

89,630,101

59,085,026

52%

Bank Deposits

19,607,349

10,259,851

91%

Gain on disposal of investments

1,280,724

-100%

Admin and Operating Expenses

24,123,893

17,232,616

40%

Depreciation – ijarah assets

77,468,540

50,859,629

52%

General provision for doubtful receivables

1,240,021

1,266,401

-2%

Other income

496,620

7,755,465

-94%

Modaraba Management Company's remuneration

3,024,062

2,389,031

27%

Sindh Sales Tax on Modaraba Mgmt. Co. remuneration

393,129

334,646

17%

Workers' Welfare Fund

536,469

423,336

27%

Profit before taxation

26,286,960

20,743,478

27%

Taxation

 

Profit for the year

26,286,960

20,743,478

27%

EPS – basic and diluted

1

0

26%

 

The complete statements can be accessed here.

Posted on: 2017-08-16T14:55:00+05:00

Data is delayed by 20 minutes

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