First National Bank Modaraba reported unaudited earnings results for the second quarter and half year ended December 31, 2016. For the half year, the company reported total income of PKR 108,857,702 compared to PKR 180,417,353 a year ago. Operating profit before provision and taxation was PKR 9,080,311 compared to PKR 7,963,419 a year ago. Loss before and after taxation was PKR 30,029,168 compared to PKR 49,637,484 a year ago. Basic and diluted loss per certificate was PKR 1.20 compared to PKR 1.99 a year ago.

For the quarter, the company reported total income of PKR 55,068,600 compared to PKR 84,979,378 a year ago. Operating profit before provision and taxation was PKR 7,223,311 compared to PKR 4,940,305 a year ago. Loss before and after taxation was PKR 16,736,136 compared to PKR 40,678,041 a year ago. Basic and diluted loss per certificate was PKR 0.67 compared to PKR 1.63 a year ago.

For the quarter, the company reported impairment loss on ijarah assets of PKR 3,199,383 compared to PKR 0.00 a year ago.