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Wednesday, November 25th, 2020

First IBL Modaraba’s financial results quarterly accounts for the period ended September 30, 2012

Be First!

Karachi, December 07, 2012 (PPI-OT): We have to inform you that the Board of Directors of M/S IBL Modaraba Management (Private) Limited, managers of First IBL Modaraba (FIBLM), in its board meeting held today, Friday December 07, 2012 at 10:30 a.m. at Principal Office of First IBL Modaraba, 87- Aurangzeb Block, New Garden Town, Lahore recommended as the following:

Cash Dividend                                    -Nil-

Bonus Certificates                               -Nil-

Right Certificates                               -Nil-

Any Other Entitlement/ Corporate Action          -Nil-

Any other Price- Sensitive Information.

The financial results of First IBL Modaraba are enclosed herewith.

We shall, be sending you three hundred (300) copies of printed Accounts for distribution amongst the members of the Exchange.

Profit and Loss Account (Un-Audited) for the Quarter Ended September 30, 2012

Rs. in “000”

Quarter ended

Quarter ended

September 2012

September 2011

Operating Income
Profit earned on Musharakah

2

251

Profit earned on Murabaha

1,006

1,006

Income from Ijarah

940

1,795

Other income

431

108

—–

—–

2,379

3,161

Operating Expenses
Administrative expenses

2,855

2,602

Amortization expense

1,396

2,024

Finance cost

1

423

—–

—–

4,253

5,049

—–

—–

Operating (Loss)/ Profit

(1,874)

(1,888)

Revaluation (loss)/gain on Investments

(3)

(11)

—–

—–

(Loss) for the quarter

(1,877)

(1,899)

—–

—–

(0.09)

(0.09)

For more information, contact:
M. Sohail A. Sheikh
Company Secretary
First IBL Modaraba
Principle Office: 43/1,
FCC Gulberg, Lahore, Pakistan
Ph: (+92) 42 3577 8025-7
Fax: (+92) 42 3577 8024
E-mail: info@firstibl.com
Web: www.firstibl.com

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