Orix Leasing Pak Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Income for the period increased by 2.4% percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 10.69% percent.
The board has recommended a Cash Dividend for the year ended June 30, 2017 at the rate of 30% i.e. Rs 3/- per share. The board issued no bonus or right shares.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Year Ended
Key Financials
June, 2017
Jun, 2016
% Change
Amounts in PKR
Income From Operations
Finance Lease
2,416,994,401
2,324,490,107
3.98%
Operating Lease
474,221,025
534,393,758
-11.26%
Mark-up on term finance
543,065,105
506,881,416
7.14%
Income
3,434,280,531
3,365,765,281
2.04%
Income from other activities
596,662,526
704,671,198
-15.33%
Expenses
Finance Cost
1,585,888,181
1,666,424,021
-4.83%
Admin & General Expenses
966,310,428
856,539,520
12.82%
Total Expenses
2,954,602,619
2,918,343,266
1.24%
Profit before Taxation from Continuing Operations
1,158,009,963
976,668,720
18.57%
Taxation
316,765,918
216,690,359
46.18%
PAT from Continuing Operations
841,244,045
759,978,361
10.69%
Discontinued Operations
Loss after Taxation from dis Continued Operations
–
(12,990,050)
-100.00%
PAT form Discontinued Operations
841,244,045
746,988,311
12.62%
EPS – Basic & diluted
#DIV/0!
Continued Operations
10.25
9.26
10.69%
Discontinued Operations
–
(0.16)
-100.00%
Company release on Earnings Report can be accessed here.