KASB Modaraba’s financial results for the year ended June 30, 2012
Karachi, August 28, 2012 (PPI-OT): We have to inform you that the Board of Directors of our company in their meeting held on August 27, 2012 at 06:30 p.m. at 80-C, 24th Commercial Street, Off Khayaban-e-Ittehad, Phase II, Ext., DHA, Karachi, recommended the following:
(i) Cash Dividend
A Cash Dividend for the year ended June 30, 2012 at Rs. 0.65 per share i.e. 6.5%. This is in addition to Interim Dividend (s) already paid at Rs. Nil per share i.e. Nil%.
(ii) Bonus Shares
It has been recommended by the Board of Directors to issue Interim Bonus shares in proportion of Nil share (s) for every Nil share (s) held i.e. Nil%. This is in addition to the interim Bonus Shares already issued @ Nil%.
(iii) Right Shares
The Board has recommended to issue Nil% Right Shares at par/at a discount/premium of Rs. Nil per share in proportion of Nil share (s) for every Nil share (s). The entitlement of right shares being declared simultaneously will be/will not be applicable on Bonus Shares as declared above.
(iv) Any Other Price-Sensitive Information
The financial results of the Company are as follows:
Profit and Loss Account for the Year Ended 30 June 2012
|Income from leasing operations||28|
|- musharaka finance|
|- murabaha finance|
|- modaraba finance|
|- diminishing musharaka finance|
|- sukuk bonds|
|- bank deposits|
|Gain on sale of investments – net||29|
|Reversal of Musharaka and Ijarah losses|
|Administrative and operating expenses||32|
|Modaraba management company’s fee||33|
|Profit before taxation|
|Net profit for the year|
|Earnings per certificate||34|
The annexed notes 1 to 42 form an integral part of these financial statements.
The Annual General Meeting of the Modaraba will be held on October 3, 2012 at 03.00 p.m. at Haji Abdullah Haroon Muslim Gymkhana, Auditorium Awan-e-Saddar Road, Karachi.
The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on September 26, 2012.
The Share Transfer Books of the Modaraba will be closed from September 27, 2012 to October 3, 2012 (both days inclusive). Transfers received at the C and K Management Associates (Private) Limited, 404, Trade Tower, Abdullah Haroon Road, Near Metropol Hotel, Karachi. (Phone: 35687835-35685930) at the close of business on September 26, 2012 will be treated in time for the purpose of above entitlement to the transfrees.
For more information, contact:
DHA Branch: 80-C, 24th Commercial Street,
Phase II, Ext, D.H.A, Karachi.