Financial results of First IBL Modaraba for Year ended June 30, 2021

Financial Results

Karachi, First IBL Modaraba informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on September 24, 2021.

The agenda of the meeting was discussion of profit and loss account for year ended June 30, 2021 which portrayed a profit of Rs. 2,917,770 with earnings per share 0.13 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from October 22, 2021 to October 28, 2021 (both days inclusive).

Established in 1989, First IBL Modaraba (formerly First Sanaullah Modaraba) is one of the oldest, yet resilient Modarabas of the Islamic Financial sector of Pakistan. With over three decades of experience, and management consisting of expert and veteran bankers, we continue to provide Islamic Financial products to the corporate sector as well as individual consumers.

Their clientele ranges from renowned Construction & Engineering Companies, Textile Companies, Power Generation Companies, Cement Manufacturing Companies, Educational Sector, Universities and Group Companies to individuals. So be it a facility for an individual, working capital for a business, house loans or term leases for vehicles and machinery, and have a specialized, customized and fulfilling – yet Islamic – product for your need.

The total number of shares are 21,687,500. The Earnings per share is 0.19 in 2020 which was 0.22 in 2019. The Profit after Taxation of the Company is 4,003,000 in 2020 which was 4,708,000 in 2019.