Karachi, OLP Modaraba informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 23, 2023.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2022 which portrayed a profit of Rs. 33,469,103 with earnings per share 0.74 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
ORIX Modaraba was formed and managed by ORIX Services Pakistan (Private) Limited. The Modaraba is a perpetual Modaraba and is primarily engaged in financing of plant and machinery, motor vehicles both commercial and private, computer equipment and housing under the modes of Ijarah Islamic leasing and Diminishing Musharika. The Modaraba may also invest in commercial and industrial ventures suitable for the Modaraba. The Modaraba may also invest in commercial and industrial ventures suitable for the Modaraba.
The total numbers of shares are 45,383,530. The Earnings per share is 2.81 in 2020 which was 2.78 in 2019. The Profit After Taxation is 127,458,000 in 2020 which was 126,057,000 in 2019.