Earnings Report: SME Leasing Ltd. (PSX: SLL) today reported Financial Results for the Three and Six months ended June 30, 2017
MG News | August 23, 2017 at 02:41 PM GMT+05:00
SME Leasing Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Total Revenue for the period decreased by 44 percent in the outgoing year, whereas the company suffered losses for the period.
The board has recommended no Cash Dividend, any bonus or right shares.
Comparison of Key Financials
| Unconsolidated Profit and Loss Account - For the Six Months Ended | |||
| Key Financials | Jan - June, 2017 | Jan - Jun, 2016 | % Change |
| Amounts in PKR ‘000 | |||
| Income from Operations | 11,367,644 | 18,626,952 | -39% |
| Other Operating income | 581,510 | 2,690,206 | -78% |
| Total Revenue | 11,949,154 | 21,317,158 | -44% |
| Administrative | 20,150,841 | 18,251,433 | 10% |
| Finance Cost | 5,043,853 | 7,121,687 | -29% |
| Total Expenses | 25,194,694 | 25,373,120 | -1% |
| Operating (Loss) before Provisions | (13,245,540) | (4,055,962) | |
| Total Provisions | 2,519,474 | (1,925,623) | |
| Profit/(Loss) after provisions | (15,765,014) | (2,130,339) | |
| Taxation | 113,676 | 186,270 | -39% |
| Net Profit/ (Loss) for the Period | (15,878,690) | (2,316,609) | |
| Gain/(Loss) per share - Basic and diluted | (0.50) | (0.07) |
Company release on Earnings Report can be accessed here.
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