Earnings Report: Grays Leasing Ltd. (PSX: GRYL) today reported Financial Results for the Twelve months ended June 30, 2017
MG News | September 19, 2017 at 02:44 PM GMT+05:00
Grays Leasing Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Revenue for the period increased by 6.73 percent in the outgoing year, whereas the company reported Profits for the year after incurring losses last year.
The board has not recommended any Cash Dividend for the year ended June 30, 2017. The board issued no bonus or right shares.
Comparison of Key Financials
| Unconsolidated Profit and Loss Account - For the Year Ended | |||
| Key Financials | 2017 | 2016 | % Change |
| Amounts in PKR | |||
| Revenue | 10,909,844 | 10,222,046 | 6.73% |
| Income from Lease Operations | 10,068,629 | 9,711,670 | 3.68% |
| Other Income | 841,215 | 510,376 | 64.82% |
| Expenditure | 11,335,050 | 11,431,372 | -0.84% |
| Admin: & Other Expenses | 11,215,156 | 2,022,731 | 454.46% |
| Financial & Other Charges | 2,395,440 | 3,407,612 | -29.70% |
| (Loss)/Profit Before Taxation | (425,206) | 175,555 |
|
| Taxation | 478,930 | 889,564 | -46.16% |
| (Loss) after Taxation | (904,136) | (714,009) |
|
| (Loss) per share - Basic & Diluted | (0.042) | (0.033) |
|
Company release on Earnings Report can be accessed here.
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