Home / Financial Results / Capital Assets Leasing Corporation Limited’s financial results for the quarter ended September 30, 2011

Capital Assets Leasing Corporation Limited’s financial results for the quarter ended September 30, 2011

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

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