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

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