Karachi, First Al-Noor Modaraba informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 26, 2022.
The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2022 which portrayed a profit of Rs. 3,410,681 with earnings per share 0.16 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
First Al-Noor Modaraba is a Company, managed by the Al-Noor Modaraba Management Private Limited. The Company is commenced its business operation on November 02, 1992 as specific purpose trading Modaraba. The Company was converted into a multipurpose perpetual Modaraba in the month of July, 1995 and is primarily engaged in ijarah, diminishing Musharakah, Musharikah, Murabaha, Musawamah, Modaraba, equity investment and trading activities.
The shares of the company are 21,000,000. The Earnings per shares of the Company is (0.01) in 2020 which was (0.67) in 2019. The Company had a loss of Rs. 197,000 in 2020 which was 14,117,000 in 2019.