Equity Modaraba First : Financial Result for the quarter ended March 31 2022
April 28, 2022 at 01:07 am EDT
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CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (UN-AUDITED) FOR THE QUARTER AND NINE MONTHS ENDED MARCH 31, 2022
Quarter ended
Nine months ended
March 31
March 31
March 31
March 31
2022
2021
2022
2021
Rupees
Rupees
Rupees
Rupees
Income
(1,969,407)
5,572,078
23,084,771
23,957,239
Expenditure
Operating expenses
(5,661,899)
(3,474,149)
(17,295,794)
(15,511,388)
Operating profit/(Loss)
(7,631,306)
2,097,929
5,788,977
8,445,851
Taxation
(50,000)
-
(3,720,000)
-
Profit/(Loss) for the period
(7,631,306)
2,097,929
2,068,977
8,445,851
Earnings/(Loss) per certificate
(0.146)
0.040
0.039
0.161
CONDENSED INTERIM CONSOLIDATED PROFIT AND LOSS ACCOUNT (UN-AUDITED) FOR THE QUARTER AND NINE MONTHS ENDED MARCH 31, 2022
Quarter ended
Nine Month endedMarch 31 2022 Rupees
March 31 2021 Rupees
March 31 2022 Rupees
March 31 2021 Rupees
Income
135,515,627
103,551,264
506,457,351
185,965,620
Expenditures Operating expenses
Distribution and selling expenses
(20,748,046) (9,589,453) (30,337,499)
(15,665,625) (8,030,370) (23,695,995)
(61,482,804) (45,188,439)
(25,214,231) (20,441,908)
(86,697,035) (65,630,347)Operating profit Unrealised loss on remeasurement of investment Financial charges
105,178,128
79,855,269
-
(13,915,886) 91,262,242
- (13,879,362) 65,975,907
419,760,316
-
(32,170,112)
120,335,273
-
(34,235,693)
387,590,204 86,099,580
Other income
748,603 92,010,845
135,552 66,111,459
4,148,488 1,846,452
391,738,692 87,946,032
Other charges
(6,428,920)
(5,256,072)
(26,851,052)
(6,814,987)
Profit before tax
85,581,925
60,855,387
364,887,640
81,131,045
Taxation
Profit for the period
67,107,495
63,020,541
270,427,452
105,135,696
Profit Earnings per certificate
1.28
1.20
5.16
2.00
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First Equity Modaraba published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 05:03:08 UTC.
First Equity Modaraba is a Pakistan-based perpetual and multipurpose modaraba. The Company is capable of undertaking a variety of fund and fee-based activities. These include trading, manufacturing, equity investment and their financing and facilitation. The Company operates through four segments: Musharaka facility, Brokerage operation, Capital market and Others. The Company is operating its brokerage activities at Karachi. Its subsidiaries include Equity Textiles Limited, Capital Financial Services (Private) Limited and Apex Financial Services (Private) Limited. The Company, through its subsidiary, Equity Textiles Limited, is engaged in the manufacturing and sale of textile products. Its subsidiaries, Capital Financial Services (Private) Limited and Apex Financial Services (Private) Limited, act as a member/broker of the Pakistan Stock Exchange, and are engaged in the business of brokerage services in stock and shares, among others.
EQUITY MODARABA FIRST 
