Karachi, First Equity Modaraba informed Pakistan Stock Exchange that a meeting of the Board of Directors of the Company scheduled to be held on February 25, 2022 at Karachi to consider First Quarter Accounts for the period ended December 31, 2021 is in progress.
First Equity Modaraba was formed in 1991. It is managed by Premier Financial Services (Private) Limited. The Modaraba is a perpetual, multipurpose Moradabad able to undertake a variety of fund and fee based activities. These include trading, manufacturing, equity investment and their financing and facilitation. The Modaraba is a TREC holder of Pakistan Stock Exchange Limited.
The total numbers of shares are 52,440,000. The Earnings per share is (0.11) in 2020 which was (0.06) in 2019. The Company had a loss of Rs. 5,861,000 in 2020 which was 3,304,000 in 2019.