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Wednesday, September 30th, 2020

Allied Rental Modaraba’s financial results for the year ended June 30, 2011

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by September 12, 2011 Financial Results

Karachi: We have to inform you that the Board of Directors of Allied Engineering Management Company (Private) Limited, the management company of Allied Rental Modaraba (ARM), in their meeting held on September 12, 2011 at 21/3 sector 22, Korangi Industrial Area, Karachi has approved the Accounts of the Modaraba for the year ended June 30, 2011.

The Financial results of the Modaraba for the year ended June 30, 2011 are as follow:

 

Jun 30, 2011

Jun 30, 2010

Rupees

Rupees

Revenue 1,033,739,293 329,397,089
Operating expenses  (654,912,296)  (491,197,095)
 ————- ————
Gross Profit 378,826,997 338,199,994
Administration and selling cost (59,463,145) (49,197,884)
Finance cost (34,639,881)  (20,947,025)
Workers welfare fund (5,765,870)  (9,013,201)
Other operating income – net 16,727,554  27,528,387
Modaraba Management Fee  (7,392,141) (8,597,108)
 ————- ————
Net Profit for the period 288,293,514 277,973,164
 ————- ————
Earnings certificate – basic and diluted  4.80 4.63

 

 

Cash Dividend

The Board recommended the payment of final Cash Dividend for the year ended June 30, 2011 at Rs 2.30 per Certificate i.e. 23%.

Bonus Certificates

It has been recommended by the Board of Directors to issue Bonus Certificates in the proportion of 25 Certificates for every 100 Certificates held i.e. 25%

Annual Review Meeting

The Annual Review Meeting of the Modaraba will be held on October 28, 2011 at 04:00 PM at the registered office 21/3 sector 22, Korangi Industrial Area, Karachi, to review the performance of the Modaraba for the year ended June 30, 2011.

Book Closure

The certificated Transfer Books of the Modaraba will be closed from October 21, 2011 to October 28, 2011 (both days inclusive). Transfers received in order, upto close of business on October 20, 2011 at our Registrar Office M/s Gangjees Registrar Services (Pvt.) Limited, 516, Clifton Centre, Khayaban Roomi, Block 5, Clifton, Karachi will be treated in time for the purpose of above entitlement to the transferees.

 

For more information, contact:
Salman Sabir Advocate
Company Secretary
Allied Rental Modaraba
21/3, Sector No. 22,
Korangi Industrial Area,
Karachi-74900,
G.P.O Box 940 Karachi 74200,
UAN: 111 250 250
Tel: (021) 506 6901-13
Fax: (021) 5066915 and 5066916
E-mail: admin@aesicom.pk,
Web site: www.aesi.com.pk

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