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First Habib Modaraba’s financial results for the period ended December 31, 2012

Be First!

Karachi, February 20, 2013 (PPI-OT): We would like to inform you that the Board of Directors of our Company in their meeting held on February 19, 2013 have approved the financial results for the half year ended December 31, 2012, which are enclosed herewith for you information and circulation amongst members.

Condensed Interim Income Statement (Unaudited) for the Six Months Period Ended December 31, 2012

Six months period ended

Three months period ended

December 31,

December 31,

December 31,

December 31

2012

2011

2012

2011

(Rupees)

Operating Income

143,967,553

136,183,851

72,348,024

66,386,482

Operating Costs
Depreciation on assets given on lease

44,784,466

42,999,365

22,797,042

21,986,601

Loss on impairment of assets given on lease

59,440,772

51,866,228

30,541,629

23,184,064

(Reversal) Provision for doubtful lease rentals

(3,146,928)

(7,762,035)

(2,836,157)

903,898

Administrative expenses

6,304,210

6,416,262

3,375,351

3,656,136

———–

———-

———-

———-

107,382,520

93,519,820

53,877,865

49,730,699

———–

———-

———-

———-

36,585,033

42,664,031

18,470,159

16,655,783

Other income

6,829,903

6,054,628

3,647,964

3,589,063

———–

———-

———-

———-

43,41,4,936

48,718,659

22,118,123

20,244,846

Financial charges

55,574

25,476

47,946

10,259

———–

———-

———-

———-

43,359,362

48,693,183

22,070,177

20,234,587

Modaraba company’s management fee

4,335,936

4,869,318

2,207,018

2,023,459

———–

———-

———-

———-

Profit for the period

39,023,426

43,823,865

19,863,159

18,211,128

———–

———-

———-

———-

Earning per certificate basic and diluted

0.98

1.10

0.50

0.46

The annexed notes 1 to 14 form an integral part of this condensed interim financial information.

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

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