Karachi: On October 24, 2024, the Board of Directors of Al-Zamin Modaraba Management (Private) Limited convened to review the financial results for the quarter ending September 30, 2024, held at Karachi.

During the quarterly meeting, the directors discussed the latest financial figures, which showed a consistent performance despite no cash dividends being declared for the quarter. According to information available from the Pakistan Stock Exchange (PSX), this was a strategic decision reflecting the company's financial management policies aimed at sustaining operational stability.

The financial results outlined that there was no bonus share issuance or rights shares offered during this period. Additionally, the board did not propose any other corporate actions or price-sensitive information that might affect the market.

The financial position as of September 30, 2024, highlights a robust balance sheet, with current assets and non-current assets recorded at Rs. 185.49 million and Rs. 223.37 million, respectively. Total liabilities stood firm at Rs. 408.81 million. The company managed to maintain a strong liquidity position with cash and bank balances of Rs. 12.12 million.

The profit and loss statement for the quarter reflected a net profit of Rs. 6.29 million, with earnings per certificate at Rs. 0.21. This performance is aligned with the company's year-on-year results, ensuring stability in earnings amidst fluctuating market conditions.

Al-Zamin Modaraba's adherence to rigorous financial standards and prudent asset management reflects its commitment to maintaining a stable financial outlook for its certificate holders. The company's ongoing efforts to optimize operational efficiency and financial prudence are evident in the disciplined approach to capital management and expense control.