Equity Modaraba First reported audited consolidated earnings results for the year ended June 30, 2018. For the period, income was PKR 17,137,727 against PKR 79,495,169 a year ago. Operating loss was PKR 4,301,550 against operating profit of PKR 46,072,633 a year ago. Loss before taxation was PKR 4,192,848 against profit before taxation of PKR 42,513,195 a year ago. Loss for the year was PKR 4,192,848 against profit for the year of PKR 42,513,195 a year ago. Loss per certificate - basic & diluted was PKR 0.08 against profit per certificate - basic & diluted of PKR 0.81 a year ago.