First Equity Modaraba reported consolidated and parent earnings results for the quarter ended September 30, 2017. For the period, on parent basis, income was PKR 5,770,740 against PKR 8,635,473 a year ago. Profit for the period was PKR 898,104 or PKR 0.017 per earnings certificate against PKR 3,532,475 or PKR 0.067 per earnings certificate a year ago. For the period, on consolidated basis, income was PKR 10,362,015 against PKR 9,427,578 a year ago. Operating loss was PKR 6,005,150 against PKR 6,803,436 a year ago. Loss before taxation was PKR 28,149,206 against PKR 20,812,728 a year ago. Loss for the period was PKR 32,793,343 or PKR 0.625 per loss certificate against PKR 26,429,316 or PKR 0.504 per loss certificate a year ago.