Financial results of Trust Modaraba for Year ended June 30, 2021

Karachi, Trust Modaraba informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 16, 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. 6,606,566 with earnings per share 0.22 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 08, 2021 to October 15, 2021 (both days inclusive).

Trust Modaraba was formed in Pakistan and managed by Al-Zamin Modaraba Management (Private) Limited (AZMML). The Modaraba commenced its business operations on November 12, 1991. It is listed on Pakistan Stock Exchange. The Modaraba is perpetual, multi-purpose and multi-dimensional, engaged in the business of Murabaha, Musharakah and Ijarah financing, investment in marketable securities, trading and other permissible businesses.

The total number of shares are 29,800,000. The Earnings per share is 0.06 in 2020 which was 0.03 in 2019. The Profit after Taxation is 1,732,000 in 2020 which was 1,037,000 in 2019.