Equity Modaraba First reported consolidated and standalone earnings results for the year ended June 30, 2016. For the period, on standalone basis income was PKR 30,364,140 against PKR 31,252,047 a year ago. Operating profit was PKR 8,962,585 against PKR 12,710,943 a year ago. Profit before taxation was PKR 9,092,541 against PKR 11,398,836 a year ago. Profit for the period was PKR 9,092,541 or PKR 0.173 per earnings certificate against PKR 11,398,836 or PKR 0.217 per earnings certificate a year ago. For the period, on consolidated basis income was PKR 57,470,852 against PKR 200,732,263 a year ago. Operating loss was PKR 8,752,626 against operating profit PKR 138,771,331 a year ago. Loss before taxation was PKR 72,311,999 against profit before taxation PKR 54,345,908 a year ago. Loss for the period was PKR 85,409,432 or PKR 1.63 per earnings certificate against profit for the period PKR 68,577,468 or PKR 1.31 per earnings certificate a year ago.