Karachi: First Tri-Star Modaraba, managed by A.R.T. Modaraba Management (Private) Limited, announced its upcoming Twenty Fifth Annual Review Meeting scheduled for October 28, 2024. The meeting will be held at Karachi, providing an essential platform for certificate holders to engage with the management on key financial decisions and strategies for the coming year.

The review meeting will discuss the approval of audited financial statements for the year ending June 30, 2024. According to information available from the Pakistan Stock Exchange (PSX), these statements reflect a sustained focus on optimizing operational costs and enhancing shareholder value.

Significant financial results from the year show a robust operational framework, with revenue reaching Rs. 34.83 million, a decrease from the previous year’s Rs. 42.60 million, highlighting a strategic shift in business operations. Other income significantly decreased from Rs. 351.02 million to Rs. 0.74 million, indicating a reduction in one-off gains that had bolstered the previous year’s income.

First Tri-Star Modaraba continues to demonstrate its commitment to corporate governance and Shariah-compliant financial practices. The management has maintained a clear focus on ethical business practices, aligning with both national regulations and Islamic financial principles. This commitment is expected to be a key discussion point during the review meeting, emphasizing transparency and accountability.

Furthermore, the Modaraba has declared a final cash dividend of Rs. 2 per certificate, representing a 20% dividend payout which matches the interim dividend paid earlier in the year, underscoring the management's confidence in the Modaraba's stable financial health and its strategy to deliver value to its certificate holders.