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Sunday, September 20th, 2020

First Habib Modaraba’s financial results for the year ended 30th June, 2011

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Karachi: We are pleased to inform you that the Board of Directors of the company in their meeting held on 26th July 2011 at 11:30 a.m. have approved audited accounts of First Habib Modaraba (FHAM) for the financial year ended 30th June 2011 and approved the following;

(1) Cash Dividend

A final Cash dividend for the year ended June 30, 2011 at Rs. 1.10 per Certificate i.e. 22%

(2) Bonus Shares      Nil

(3) Right Shares      Nil

2011

2010

Rupees

Rupees

Income from ijarah (leasing) 327,337,741 311,181,940
Profit on diminishing musharaka financing 18,942,946 6,469,212
———– ———–
346,280,687 317,651,152
Administrative expenses (55,711,113) (47,817,128)
———– ———–
290,569,574 269,834,024
Other income 91,645,196 93,777,281
Other operating charges (7,240,325) (15,626,013)
———– ———–
374,974,445 347,985,292
Financial charges (66,172,247) (50,851,357)
———– ———–
308,802,198 297,133,935
Modaraba Company’s management fee (30,880,220) (29,713,394)
———– ———–
Profit for the year 277,921,978 267,420,541
———– ———–
Earnings per certificate- basic and diluted  1.38 1.33

Close of Transfer Book and Annual Review Meeting

The Certificate Transfer Book of Modaraba will be closed from 25-08-2011 to 31-08-2011 (both days inclusive) Transfer received in order at the office of Registrar of First Habib Modaraba vis M/s. Noble Computer Services (Pvt.) Limited before the close of business hours on 24-08-2011 will be treated in time for the purpose of entitlement of dividend.

Detail of Annual Review Meeting will be informed to you in due course of time.

Address of registrar of First Habib Modaraba

M/s. Noble Computer Services (Pvt.) Limited

Mezzanine Floor,

House of Habib Building,

(Siddiqsons Tower)

3-Jinnah Cooperative Housing Society,

Main Shahrah-e-Faisal,

Karachi – 75350

PABX: (92-21) 34325482-87

Fax: (92-21) 34325442

For more information, contact:
First Habib Modaraba
5th Floor, HBZ Plaza,
(Hirani Centre) I.I. Chundrigar Road,
Karachi-74200
Tel: +9221 2635949-51
Fax: +9221 2627373
E-mail fhm@habibmodaraba.com
Website: www.habibmodaraba.com

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