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

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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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