Equity Modaraba First : Financial Result for the quarter ended September 30 2022
October 27, 2022 at 12:24 am EDT
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FIRST EQUITY MODARABA
CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (UN-AUDITED) FOR THE QUARTER ENDED SETEMBER 30, 2022
September
September
2022
2021
Rupees
Rupees
Income
2,742,724
20,461,297
Expenditure
Operating expenses
(4,851,981)
(5,611,456)
Bank charges
(85)
(147)
(4,852,066)
(5,611,603)
(2,109,342)
14,849,694
Other income
32,482
37,480
Profit Before Taxation
(2,076,860)
14,887,174
Provision for Taxation
(225,653)
(2,825,000)
Profit after Taxation
(2,302,513)
12,062,174
Earnings per certificate
(0.044)
0.230
FIRST EQUITY MODARABA
CONDENSED INTERIM PROFIT AND LOSS ACCOUNT - CONSOLIDATED FOR THE QUARTER ENDED SETEMBER 30, 2022
September
September
2022
2021
Rupees
Rupees
Income
(34,708,503)
163,174,483
Expenditures
Operating expenses
(22,085,351)
(22,438,275)
Distribution and selling expenses
(5,329,364)
(9,329,670)
(27,414,715)
(31,767,945)
Operating profit
(62,123,218)
131,406,538
Financial charges
(16,263,484)
(9,980,704)
(78,386,702)
121,425,834
Other income
2,453,344
510,142
(75,933,358)
121,935,976
Other charges
-
(7,891,179)
Profit before taxation
(75,933,358)
114,044,797
Taxation
- current
(10,816,556)
(28,141,443)
- deferred
22,114,171
(10,338,129)
11,297,616
(38,479,572)
Profit for the period
(64,635,742)
75,565,225
Earnings per certificate
(1.2326)
1.4410
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First Equity Modaraba published this content on 27 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2022 04:23:05 UTC.
First Equity Modaraba is a Pakistan-based perpetual and multipurpose modaraba. The Company undertakes a variety of fund and fee-based activities. These include murabaha, musharaka, 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 in 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 members/brokers of the Pakistan Stock Exchange and are engaged in the business of brokerage services in stocks and shares.
EQUITY MODARABA FIRST 
