News Makers News From Pakistan
Karachi: We have to inform you that the meeting of Board of Directors of our Company, held on October 28, 2011 at 05:00 pm at 14th Floor, Chapal Plaza, Hasrat Mohani Road, Karachi, and recommended the following:
(i) CASH DIVIDEND: NIL
(ii) BONUS SHARES: NIL
(iii) RIGHT SHARES: NIL
(iv) ANY OTHER ENTITLEMENT: NIL
(v) ANY OTHER PRICE SENSITIVE INFORMATION:
The financial results of the Company are as follows:
|
Quarter Ended |
||
|
July – Sept |
July – Sept |
|
|
2011 |
2010 |
|
|
Rupees |
||
| REVENUE | ||
| Income from operations – (Net) | 4,430,744 | 4,250,341 |
| Other Income | 221,234 | 42,973 |
| ——— | ——— | |
| 4,651,978 | 4,293,314 | |
| EXPENSES | ||
| Administrative and operating expenses | 1,428,460 | 1,040,160 |
| Financial charges | 732 | 375 |
| Workers Welfare Fund | 65,550 | – |
| Provisions and write offs /(reversals) | (54,714) | (298,214) |
| ——— | ——— | |
| (1,440,028) | (742,321) | |
| ——— | ——— | |
| Profit/(loss) before Taxation | 3,211,950 | 3,550,993 |
| Provision for taxation | (1,158,131) | (71,909) |
| ——— | ——— | |
| Net Profit after Tax for the Quarter | 2,053,819 | 3,479,084 |
| ——— | ——— | |
| Earnings/(loss) per share for the period | 0.19 | 0.32 |
For more information, contact:
Abdul Wajid Soherwardy
Company Secretary
Capital Assets Leasing Corporation Limited
14th Floor, Chapal Plaza,
Hasrat Mohani Road, Karachi-74200,
Tel: +92(21) 3243-1181-8
Fax: +92(21) 3246 5703
