Karachi: UNICAP Modaraba (UCAPM) has disclosed its financial performance for the nine months ending March 31, 2024, highlighting enhanced sustainability through reduced operational and administrative costs, according to its latest unaudited quarterly financial statements.

During the reviewed period, the Modaraba reported making significant strides in cost efficiency compared to the previous year. This improvement reflects a broader strategy of scaling back on certain operations to stabilize the financial structure of the company.

According to information available from the Pakistan Stock Exchange (PSX), UNICAP Modaraba is also focusing on growth strategies that include the acquisition of new assets, which is expected to enrich its portfolio and boost revenue streams in the future. The Board has expressed appreciation for the support and guidance from the Modaraba’s sponsors, who have injected their private funds into the company, signaling strong confidence in its management and business model.

Furthermore, the company’s directors extended their gratitude to the Security and Exchange Commission of Pakistan (SECP) for their ongoing support and guidance, which has been pivotal in navigating the regulatory landscape.

The enclosed financial statements provided by the company indicate that the management strategies implemented by Map Out Management Company (Private) Limited, the managers of UNICAP Modaraba, are aligning the business towards a promising direction, focusing on making it an active and thriving business entity.