First Equity Modarba reported unaudited company and consolidated earnings results for the second quarter and half year ended December 31, 2017. For the quarter, on company basis, the company reported income of PKR 3,991,498 against PKR 12,773,109 a year ago. Operating loss was PKR 339,569 against profit of PKR 7,150,020 a year ago. Loss before income tax was PKR 328,038 against profit of PKR 7,200,771 a year ago. Loss for the period was PKR 328,038 or PKR 0.01 per loss certificate against profit of PKR 7,200,771 or PKR 0.14 per earnings certificate a year ago. For the half year, on company basis, the company reported income of PKR 9,762,238 against PKR 21,408,582 a year ago. Operating profit was PKR 521,919 against PKR 10,620,862 a year ago. Profit before income tax was PKR 570,066 against PKR 10,733,246 a year ago. Profit for the period was PKR 570,066 or PKR 0.01 per earnings certificate against PKR 10,733,246 or PKR 0.20 per earnings certificate a year ago. For the quarter, on consolidated basis, the company reported Income of PKR 35,858,432 against PKR 20,674,598 a year ago. Operating profit was PKR 20,367,048 against PKR 6,954,560 a year ago. Loss before taxation was PKR 2,303,012 against PKR 9,812,128 a year ago. Loss for the period was PKR 6,654,565 or PKR 0.13 per loss certificate against PKR 9,356,609 or PKR 0.18 per loss certificate a year ago. For the half year, on consolidated basis, the company reported income of PKR 46,220,447 against PKR 30,102,176 a year ago. Operating profit was PKR 14,361,898 against PKR 151,124 a year ago. Loss before taxation was PKR 30,452,218 against PKR 30,624,856 a year ago. Loss for the period was PKR 39,447,908 or PKR 0.75 per loss certificate against PKR 35,785,925 or PKR 0.68 per loss certificate a year ago.