Karachi: First Dawood Properties Limited has announced its financial results for the quarter ending September 30, 2026, showing a decrease in lease income, but a notable increase in returns from deposits and investments. The company reported a profit after taxation of 3.13 million rupees for the quarter, down from 3.87 million rupees in the same period last year.

According to the company's unaudited condensed interim profit and loss account, lease income fell sharply to 65,000 rupees from 140,000 rupees in the previous year. However, the return on deposits and investments saw a significant increase, rising to 10.34 million rupees from 8.14 million rupees in 2025. The gain on sale of securities was absent this year, as opposed to a loss of 891,623 rupees recorded last year.

The total income for the period stood at 11.42 million rupees, up from 7.38 million rupees in the previous year. The provisions and changes in fair value amounted to 1.75 million rupees, a decrease from 8.35 million rupees last year, reflecting a lower provision for lease losses and doubtful recoveries.

According to information available from the Pakistan Stock Exchange (PSX), the administrative expenses increased to 9.92 million rupees from 7.30 million rupees, contributing to the overall expenditures, which totaled 9.93 million rupees, a decrease from 11.77 million rupees in the previous year.

The company's earnings per share, both basic and diluted, stood at 0.021 rupees, down from 0.026 rupees, indicating a moderate move. Overall, First Dawood Properties Limited has managed to maintain a positive bottom line despite the challenges faced in its lease income segment.