Earnings Report: SME Leasing Ltd. (PSX: SLL) today reported Financial Results for the Three and Six months ended June 30, 2017

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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.

Posted on: 2017-08-23T14:41:00+05:00

Data is delayed by 20 minutes

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