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.