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Earnings Report: Grays Leasing Ltd. (PSX: GRYL) today reported Financial Results for the Twelve months ended June 30, 2017

Grays Leasing Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Revenue for the period increased by 6.73 percent in the outgoing year, whereas the company reported Profits for the year after incurring losses last year.

The board has not recommended any Cash Dividend for the year ended June 30, 2017. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Year Ended

Key Financials

2017

2016

% Change

 

Amounts in PKR

Revenue

10,909,844

10,222,046

6.73%

Income from Lease Operations

10,068,629

9,711,670

3.68%

Other Income

841,215

510,376

64.82%

Expenditure

11,335,050

11,431,372

-0.84%

Admin: & Other Expenses

11,215,156

2,022,731

454.46%

Financial & Other Charges

2,395,440

3,407,612

-29.70%

(Loss)/Profit Before Taxation

(425,206)

175,555

 

Taxation

478,930

889,564

-46.16%

(Loss) after Taxation

(904,136)

(714,009)

 

(Loss) per share – Basic & Diluted

(0.042)

(0.033)

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-09-19T14:44:00+05:00
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