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Friday, September 21st, 2018

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

Be First!

Karachi: We have to inform you that the Board of Directors of our Modaraba in its meeting held on Thursday, 06th October, 2011, at 09.30 am has approved the Financial Results for the year ended June 30, 2011, as per following:-

1. Cash Dividend:

A final cash Dividend for the year ended 30th June, 2011 @ Rs.2.35 per certificate i.e. 23.50%.

2. Bonus Issue:  Nil

3.Right Share   Nil

The Financial Results of First Paramount Modaraba (FPRM) are enclosed herewith.

The Annual Review Meeting (ARM) of First Paramount Modaraba will be held on Thursday, 27th October, 2011 at 08.00 p.m. at our office Suit No: 107 and 108, 01st Floor, PECHS Community Hall, Block-2, PECHS, Shahrah-e-Quideen, Karachi.

The Share Transfer Book of the Company will remain closed from Wednesday, 19th October, 2011 to Thursday, 27th October, 2011 (both days inclusive).

Profit and Loss Account for the Year Ended 30 June 2011

 

Note

2011

2010

(Restated)

Rupees

Operating income 16  38,914,465 28,355,589
Operating costs
Provision for doubtful recoveries 1,649,323 (128,812)
Operating expenses 17 18,562,168 14,476,373
———- ———-
(20,211,491) (14,347,561)
———-  ———-
 18,702,974 14,008,028
Other income 18 1,605,047  1,289,372
———- ———-
20,308,021 15,297,400
Financial charges 19  (5,273,312)  (7,602,214)
Provision for workers’ welfare fund (630,291) (376,355)
 ———-  ———-
14,404,418 7,318,831
Modaraba company’s  management fee 20  (1,440,442) (731,883)
———- ———-
Profit from continuing operations 12,963,976  6,586,948
Profit from discontinued operations – net 21  14,831,864 10,126,249
 ———-  ———-
Profit for the year Rupees 27,795,840 16,713,197
 ———-  ———-

(Rupees)

Earnings per certificate – basic and diluted  22 4.74  2.85
 ———- ———-
Continuing operations
Earnings per certificate – basic and diluted 22  2.21 1.12

 

 

The annexed notes 1 to 29 form an integral part of these financial statements.

For more information, contact:
Mazhar ul Haque Siddiqui
General Manager Corporate Affairs
First Paramount Modaraba
First Floor, Suit # 107 and 108,
P.ECH.S. Community Hall,
Block No. 2, P.E.C.H.S,
Shahrah-e-Quaideen Karachi,
Phone Nos. 34381037
Fax: 34534410
E-mail: fpm@cyber.net.pk
Web: www.fpm.com.pk

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