First National Bank Modaraba reported unaudited earnings results for the third quarter and nine months ended March 31, 2016. For the nine months, the company reported operating revenue of PKR 250,725,663 compared to PKR 364,250,240 a year ago. Operating income was PKR 10,571,456 compared with PKR 2,723,718 a year ago. Loss before taxation was PKR 60,407,521 compared to PKR 106,946,025 a year ago. Loss after taxation was PKR 60,407,521 compared to PKR 106,946,025 a year ago. Basic and diluted loss per share was PKR 2.42 compared to PKR 4.28 a year ago.

For the quarter, the company reported operating revenue of PKR 70,308,310 compared to PKR 107,460,149 a year ago. Operating income was PKR 2,600,037 compared with loss of PKR 997,870 a year ago. Loss before taxation was PKR 10,770,037 compared to PKR 5,552,670 a year ago. Loss after taxation was PKR 10,770,037 compared to PKR 5,552,670 a year ago. Basic and diluted loss per share was PKR 0.43 compared to PKR 0.22 a year ago.