Financial results of Orix Modaraba for Quarter ended December 31, 2020.

Karachi -- Orix Modaraba informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 18, 2021.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2020 which portrayed a profit of Rs. 34,014,140 with earnings per share 0.75 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

The announcement is available at:

https://dps.psx.com.pk/download/document/161454.pdf

Orix Modaraba was formed under the Modaraba Companies Modaraba Floatation and control Ordinance, 1980 in Pakistan in 1987. The rules of the company are framed under the Standard Chartered Services of Pakistan Private Limited. The management company is a wholly owned subsidiary of Standard Chartered Bank Pakistan...