First Equity Modarba reported unaudited standalone and consolidated earnings results for the second quarter and half year ended December 31, 2016. For the quarter, on standalone basis, the company reported income of PKR 12,773,109 against PKR 7,702,863 a year ago. Operating profit was PKR 7,150,020 against PKR 2,760,635 a year ago. Profit before taxation was PKR 7,200,771 against PKR 2,832,955 a year ago. Profit for the period was PKR 7,200,771 or PKR 0.14 per earnings certificate against PKR 2,832,955 or PKR 0.05 per earnings certificate a year ago. For the half year, on standalone basis, the company reported income of PKR 21,408,582 against PKR 15,605,406 a year ago. Operating profit was PKR 10,620,862 against PKR 5,427,075 a year ago. Profit before taxation was PKR 10,733,246 against PKR 5,608,393 a year ago. Profit for the period was PKR 10,733,246 or PKR 0.20 per earnings certificate against PKR 5,608,393 or PKR 0.11 per earnings certificate a year ago. For the quarter, on consolidated basis, the company reported Income of PKR 20,674,598 against PKR 10,166,632 a year ago. Operating Profit was PKR 6,954,560 against operating loss of PKR 2,465,848 a year ago. Loss before taxation was PKR 9,812,128 against PKR 17,809,840 a year ago. Loss for the period was PKR 9,356,609 or PKR 0.18 per loss certificate against PKR 17,872,716 or PKR 0.34 per loss certificate a year ago. For the half year, on consolidated basis, the company reported income of PKR 30,102,176 against PKR 43,205,373 a year ago. Operating profit was PKR 151,124 against PKR 16,110,471 a year ago. Loss before taxation was PKR 30,624,856 against PKR 12,382,334 a year ago. Loss for the period was PKR 35,785,925 or PKR 0.68 per loss certificate against PKR 6,371,113 or PKR 0.12 per loss certificate a year ago.