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

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.

Posted on: 2017-08-30T16:12:00+05:00