Earnings Report: Orix Leasing Pak Ltd. (PSX: OLPL) today reported Financial Results for the Twelve months ended June 30, 2017

MG News | September 14, 2017 at 02:36 PM GMT+05:00

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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.

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