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

By MG News | September 19, 2017 at 09:59 AM GMT+05:00

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Pak Gulf Leasing Co. Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Total Income for the period increased by 13.54 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 16 percent.

The board has recommended a Cash Dividend for the year ended June 30, 2017 at the rate of 7.5% i.e. Rs 0.75/- per share. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Year Months Ended
Key Financials	2017	2016	% Change
	Amounts in PKR
Total Income	172,211,411	151,671,360	13.54%
Admin: & Operating Expenses	76,481,000	72,289,792	5.80%
Finance Cost	30,121,776	28,093,726	7.22%
Other Charges	107,168	101,713	5.36%
Profit before Taxation	65,501,467	51,186,129	27.97%
Taxation	18,425,258	10,471,732	75.95%
PAT	47,076,209	40,714,397	15.63%
EPS - Basic & Diluted	1.86	1.60	16.25%

Company release on Earnings Report can be accessed here.

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