B.F. Modaraba’s financial results of (BFM) for the year ended June 30, 2011
Karachi: We have to inform you that the Board of Directors of the E A. Management (Pvt.) Limited, the Management Company of B.F. Modaraba (BFMOD) in their Meeting held on September 30, 2011; approved the accounts of BFM for the year ended June 30, 2011 and approved the following:
1) Cash Dividend
Cash Dividend @ 15% i.e. Rs. 1.5 per certificate
2) Bonus Issue And/ Or
3) Right Certificates
The financial results of B. F. Modaraba are enclosed.
The Annual Review Meeting of the Modaraba will be held on October 25, 2011 at 02:00 p.m. at the registered office of the Modaraba at 4th Floor, Bank House No.1, Habib Square, M . A. Jinnah Road, Karachi.
For the purpose of ascertaining entitlement of aforementioned Cash Dividend, the certificate transfer books of the Modaraba will be closed from October 18, 2011 to October 25, 2011 (both days inclusive)- Transfers received at the share registrar office of the Modaraba, M/s. C and K Management Associates (Pvt.) Ltd, at 404 – Trade Tower, Abdullah Haroon Road, Near Metropole Hotel, Karachi, at the close of business on 17-10- 2011 will be treated in time for the purpose of above entitlement to the transferees.
Profit And Loss Account for the Year Ended June 30, 2011
|Amortization on Ijarah assets||3,901,625||149,029|
|Profit before impairment loss||22,632,041||9,241,464|
|Impairment loss on available|
|for sale investments||–||(2,997,099)|
|Profit before charging management fee||22,632,041||6,244,365|
|Provision for workers welfare fund||–||(182,170)|
|Profit before taxation||20,368,837||5,437,758|
|– For the year||(2,877,414)||(1,943,296)|
|– Prior year||–||(91,755)|
|Earnings per certificate-basic and diluted||2.33||0.45|
For more information, contact:
4th Floor, Bank House No. 1,
Habib Square M. A. Jinnah Road,
Karachi- 74000, Pakistan.
Tel: (0092-21) 111-786-878,
Fax: (0092-21) 32421010