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

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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.

 

Posted on: 2017-09-14T14:36:00+05:00