First Equity Modaraba reported consolidated and company earnings results for the third quarter and nine months ended March 31, 2018. For the quarter, on company basis, income was PKR 5,715,529 against PKR 38,398,163 a year ago. Operating profit was PKR 955,294 against PKR 31,981,053 a year ago. Profit for the period was PKR 955,294 against PKR 31,981,053 a year ago. EPS was PKR 0.0182 against PKR 0.6099 a year ago. For nine months, on company basis, income was PKR 15,525,914 against PKR 59,919,129 a year ago. Operating profit was PKR 1,525,360 against PKR 42,714,299 a year ago. Profit for the period was PKR 1,525,360 against PKR 42,714,299 a year ago. EPS was PKR 0.0291 against PKR 0.8145 a year ago. For the quarter, on consolidated basis, income was PKR 50,081,519 against PKR 50,354,500 a year ago. Operating profit was PKR 33,211,735 against PKR 33,382,287 a year ago. Profit before tax was PKR 19,582,271 against PKR 15,638,688 a year ago. Profit for the period was PKR 24,420,550 against PKR 20,489,346 a year ago. EPS was PKR 0.47 against PKR 0.39 a year ago. For nine months, on consolidated basis, income was PKR 96,301,966 against PKR 80,456,676 a year ago. Operating profit was PKR 47,573,633 against PKR 33,533,411 a year ago. Loss for the period was PKR 15,027,358 against PKR 15,296,579 a year ago. Loss per share was PKR 0.29 against PKR 0.29 a year ago. Loss before tax was PKR 10,871,947 against PKR 14,986,168 a year ago.