First Habib Modaraba’s financial results for the year ended 30th June 2012

Karachi, July 25, 2012 (PPI-OT): We are pleased to inform you that the Board of Directors of the company in their meeting held on 25th July 2012 at 10:00 a.m. have approved audited accounts of First Habib Modaraba (FHAM) for the financial year ended 30th June 2012 and approved the following:

(i) Cash Dividend

A final Cash dividend for the year ended June 30, 2012 at Re. 1/- per Certificate i.e.20%.

(ii) Bonus Shares Nil

(iii) Right Shares Nil

(iv) Any Other Entitlement/Corporate Action Nil

(v) Any Other Price Sensitive Information Nil

2012

2011

Rupees

Rupees

Income from Ijarah (leasing)

333,394,377

327,337,741

Profit on diminishing musharaka financing

45,520,678

18,942,946

———–

———–

378,915,055

346,280,687

Administrative expenses

(57,882,578)

(55,711,113)

———–

———–

321,032,477

290,569,574

Other income

169,718,647

91,645,196

Other operating charges

(15,630,806)

(7,240,325)

———–

———–

475,120,318

374,974,445

Financial charges

(91,737,334)

(66,172,247)

———–

———–

383,382,984

308,602,198

Modaraba Company’s management fee

(38,338,298)

(30,880,220)

———–

———–

Profit for the year

345,044,686

277,921,978

———–

———–

Earnings per certificate – basic and diluted

1.71

1.38

Close of Transfer Book and Annual Review Meeting

The Certificate Transfer Book of Modaraba will be closed from 28-08-2012 to 04-09-2012 (both days inclusive) Transfer received in order at the office of Registrar of First Habib Modaraba via M/s. Noble Computer Services (Pvt.) Limited before the close of business hours on 27-08-2012 will be treated in time for the purpose of entitlement of dividend.

Detail of Annual Review Meeting will be informed to you in duo course of time.

For more information, Contact:
First Habib Modaraba
5th Floor, HBZ Plaza (Hirani Centre)
I.I. Chundrigar Road, Karachi-74200
Tel: 2635949-51
Fax: 2627373
E-mail: fhm@habibmodaraba.com
Website: www.habibmodaraba.com