First National Bank Modaraba Reports Unaudited Earnings Results for the Second Quarter and Half Year Ended December 31, 2017; Reports Impairment Loss for the Quarter Ended December 31, 2017
For the half year, the company reported total income of PKR 49,597,721 compared to PKR 108,857,702 a year ago. Operating profit before provision and taxation was PKR 6,497,374 compared to PKR 9,080,311 a year ago. Profit before taxation was PKR 1,227,220 compared to loss of PKR 30,029,168 a year ago. Profit after taxation was PKR 1,018,590 compared to loss of PKR 30,029,168 a year ago. Basic and diluted earnings per certificate was PKR 0.04 compared to loss per share of PKR 1.20 a year ago.
For the quarter, the company reported impairment loss on ijarah assets of PKR 8,368,237 compared to PKR 3,199,383 a year ago.