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.