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.