First Equity Modarba reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended March 31, 2016. For the quarter, on standalone basis, income was PKR 6,773,602 against PKR 6,080,917 a year ago. Operating profit was PKR 2,413,826 against PKR 580,233 a year ago. Profit for the period was PKR 2,413,826 or PKR 0.0460 per certificate against PKR 580,233 or PKR 0.0111 per certificate a year ago.

For the nine months, on standalone basis, income was PKR 22,560,326 against PKR 25,455,404 a year ago. Operating profit was PKR 8,022,219 against PKR 9,304,678 a year ago. Profit for the period was PKR 8,022,219 or PKR 0.1530 per certificate against PKR 9,304,678 or PKR 0.1774 per certificate a year ago.

For the quarter, on consolidate basis, loss was PKR 1,489,196 against income of PKR 52,832,786 a year ago. Operating loss was PKR 18,607,698 against operating profit of PKR 35,524,035 a year ago. Loss before taxation was PKR 33,801,066 against profit before taxation of PKR 14,806,695 a year ago. Loss for the period was PKR 38,100,098 or PKR 0.73 per certificate against profit for the period of PKR 21,143,351 or PKR 0.40 per certificate a year ago.

For the nine months, on consolidate basis, income was PKR 41,897,495 against PKR 172,629,594 a year ago. Operating loss was PKR 2,325,588 against operating profit of PKR 126,489,960 a year ago. Loss before taxation was PKR 46,183,400 against profit before taxation of PKR 62,493,417 a year ago. Loss for the period was PKR 44,471,211 or PKR 0.85 per certificate against profit for the period of PKR 88,092,603 or PKR 1.68 per certificate a year ago.