Financial results of First Imrooz Modaraba for Quarter ended December 31, 2017

Financial Results

Karachi, First Imrooz Modarabainformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 20, 2018.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2017 which portrayed a profit of Rs. 15,066 with earnings per share 5.02 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 February 13, 2018 to February 20, 2018 (both days inclusive).

First Imrooz Modaraba (FIM) has been operational since 1994 and is listed on the Pakistan Stock Exchange. The Modaraba primarily trades in industrial raw materials catering to numerous industries like paint, coatings, pharmaceuticals, food, agriculture, personal care, household, textile etc. The common perception of a Modaraba is that it is a financial institution however FIM does not offer any financial services.

First Imrooz Modaraba (FIM) is managed by AR Management Services (Pvt) Limited, having its head office in Karachi with a branch office in Lahore.

The symbol “FIMM” is being used by the stock exchange for the shares of First Imrooz Modaraba.