Popular Islamic Modaraba reported earnings results for the year ended June, 2016. For the year, the company reported income of PKR 26,306,598, operating profit of PKR 2,680,877, loss before taxation of PKR 55,767,620, loss after taxation of PKR 55,296,265 or PKR 5.63 per basic and diluted share against income of PKR 15,293,709, operating profit of PKR 631,889, profit before taxation of PKR 4,522,536, profit after taxation of PKR 4,114,072 or PKR 0.41 per basic and diluted share a year ago.