Home / Financial Results / Grays Leasing Limited’s financial results for the quarter ended 30 September 2011

Grays Leasing Limited’s financial results for the quarter ended 30 September 2011

Karachi: We have to inform you that Board of Directors of our Company in their meeting held on October 27, 2011 at 1:30 PM a registered office situated at 701 – A, 7th Floor, city Towers, Main Boulevard, Gulberg-II, Lahore recommended the following:

1) Cash Dividend

Nil

2) Bonus Shares

Nil

iii) Right Shares

Nil

 

The financial results of the company are as follows:

 

Quarter Ended

Quarter Ended

30 September 2011

30 September 2010

Rupees

Revenue
Income from lease Operations 2,684,379 9,382,976
Other income 2,851,009  948,986
 ———–  ———–
 5,535,388 10,331,962
Expenditure
Administrative and other operations expenses (3,654,698) (5,266,622)
Financial and other charges  (3,157,293) (8,673,995)
Allowance for potential lease losses  (1,220,918)  (8,046,037)
———–  ———–
 (8,032,909) (21,986,654)
 ———– ———–
Loss Before Taxation  (2,497,521) (11,654,692)
Provision for taxation  (179,024)  (463,253)
 ———– ———–
Loss After Taxation  (2,676,545)  (12,117,945)
 ———– ———–
Loss per share – basic arid diluted (0.12) (0.56)

 

For more information, contact:
Muhammad Adil Munir
Company Secretary
Grays Leasing Limited
701 – A, 7th Floor,
City Towers,
Main Boulevard,
Gulberg-II, Lahore,
Pakistan
Ph: +92-42-35770382-86,
Fax: +92-42-35770389

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