First Equity Modarba reported unaudited standalone and consolidated earnings results for the second quarter and half year ended December 31, 2015. For the quarter, on standalone basis, the company reported profit for the period of PKR 2,832,955 or PKR 0.05 per earnings certificate against PKR 2,850,393 or PKR 0.05 per earnings certificate a year ago. Income was PKR 7,702,863 against PKR 8,952,550 a year ago. Operating profit was PKR 2,760,635 against PKR 2,730,168 a year ago. Profit before taxation was PKR 2,832,955 against PKR 2,850,393 a year ago.

For the half year, on standalone basis, the company reported profit for the period of PKR 5,608,393 or PKR 0.11 per earnings certificate against PKR 8,724,445 or PKR 0.17 per earnings certificate a year ago. Income was PKR 15,605,406 against PKR 19,190,939 a year ago. Operating profit was PKR 5,427,075 against PKR 8,540,897 a year ago. Profit before taxation was PKR 5,608,393 against PKR 8,724,445 a year ago.

For the quarter, on consolidated basis, the company reported loss for the period of PKR 17,872,716 or PKR 0.34 per earnings certificate against profit of PKR 35,156,661 or PKR 0.67 per earnings certificate a year ago. Income was PKR 10,166,632 against PKR 67,988,818 a year ago. Operating loss was PKR 2,465,848 against operating profit of PKR 49,575,446 a year ago. Loss before taxation was PKR 17,809,840 against profit before tax of PKR 28,601,703 a year ago.

For the half year, on consolidated basis, the company reported loss for the period of PKR 6,371,113 or PKR 0.12 per earnings certificate against profit of PKR 66,949,251 or PKR 1.28 per earnings certificate a year ago. Income was PKR 43,205,373 against PKR 119,613,260 a year ago. Operating profit was PKR 16,110,471 against PKR 87,895,807 a year ago. Loss before taxation was PKR 12,382,334 against profit before tax of PKR 47,686,722 a year ago.