First Fidelity Leasing Modaraba Reports Negative Earnings

Karachi, First Fidelity Leasing Modaraba (FFLM), with a listing history dating back to 1992, reported negative earnings per share of -Rs 0.09 for 2023. The company's stock traded at an average rate of Rs 2.20, with a paid-up capital of Rs 264.14 million. FFLM's performance in the stock market has been underwhelming, reflecting the challenges faced during the year. The company did not announce any distributions, mirroring its financial results.