Earnings Report: Orix Modaraba Leasing Co. Ltd. (PSX: ORIXM) today reported Financial Results for the Twelve months ended June 30, 2017
By MG News | August 30, 2017 at 04:12 PM GMT+05:00
Orix Modaraba Leasing Co. Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Ijarah Rentals Earned for the period increased by 5.43 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 26 percent.
The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 27% i.e. Rs 2.07/- per share. The board issued no bonus or right shares.
Comparison of Key Financials
| Unconsolidated Profit and Loss Account - For the Twelve Months Ended | |||
| Key Financials | 2017 | 2016 | % Change |
| Amounts in PKR | |||
| Ijarah Rentals Earned | 1,779,762,549 | 1,688,173,929 | 5.43% |
| Income on diminishing musharaka arrangements | 98,456,108 | 142,847,109 | -31.08% |
| Income on deposits with bank | 12,671,226 | 17,259,687 | -26.58% |
| Financial Charges | 203,577,607 | 223,015,786 | -8.72% |
| Reversal of provision in respect to ijarah financing | 11,587,364 | 9,181,468 | 26.20% |
| Other income | 58,123,639 | 27,146,719 | 114.11% |
| Admin and operating Expenses | 130,634,890 | 106,550,633 | 22.60% |
| Profit before Taxation | 128,240,814 | 173,123,302 | -25.93% |
| Taxation | - | - | #DIV/0! |
| Profit after Taxation | 128,240,814 | 173,123,302 | -25.93% |
| Total Comprehensive income for the year | 128,240,814 | 173,123,302 | -25.93% |
| EPS | 2.83 | 3.81 | -25.72% |
Company release on Earnings Report can be accessed here.
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