First Fidelity Leasing Modaraba Faces Challenges in 2023

Karachi, (PPI Bot): First Fidelity Leasing Modaraba NC, symbol FFLM, closed with a rate of Rs. 2.70. The modaraba, with a paid-up capital of Rs. 264.14 million, did not announce any distributions for 2023. Since its 1992 listing, First Fidelity Leasing Modaraba has faced challenges, as evidenced by an EPS of (Rs. 0.11) for Jan-Oct 2023, down from Rs. 1.7 in 2021 and Rs. 3.1 in 2022. The turnover was 194,000, with the rate remaining at Rs. 2.70.