First National Bank Modaraba Reports Unaudited Earnings Results for the Second Quarter and Half Year Ended December 31, 2016; Reports Impairment Loss for the Quarter Ended December 31, 2016
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.