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

Standard Chartered Leasing Limited’s financial results for the quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors in their meeting held on Friday October 21, 2011, at Karachi has approved the accounts for the Quarter Ended September 30, 2011 and recommended the following

i) Cash Dividend         Nil
ii) Bonus Shares         Nil
iii) Right Shares        Nil

The financial results of the company are as follows:

Financial Results

 

September 30,

2011

September 30,

2010

Rupees

Rupees

Income from lease operations 101,935,825 62,693,238
Interest / mark-up / return earned  7,795,984 8,149,053
Other income 305,687 130,221
 ———–  ———–
110,037,496 70,972,512
Expenses
Finance cost 56,441,082 32,616,136
Administrative and operating expenses 21,675,341 18,027,599
Provision against leases, loan and receivables (1,372,997) 1,544,928
———– ———–
76,743,426  52,188,663
———– ———–
Profit before Taxation 33,294,070 18,783,849
Taxation (11,652,925) (6,574,347)
Profit after Taxation
– Carried to next page 21,641,146 12,209,502
Profit after Taxation
– Carried from previous Page 21,641,146 12,209,502
Unappropriated (Loss) – B/F  (245,412,794) (306,432,159)
 ———–  ———–
(Loss) Available for –
 Appropriations  (223,771,649)  (294,222,657)
Appropriations
Transfer to Statutory Reserve (4,328,229) (2,441,900)
———– ———–
Unappropriated (Loss) – C/F  (228,099,879) (296,664,558)
———–  ———–
Earnings per Share Basic and Diluted 0.22 0.12

 

For more information, contact:
Rehan Anum
Company Secretary
Standard Chartered Leasing Limited
Ground Floor, Al-Rahim Towers
I.I. Chundrigar Road
Karachi-74000 Pakistan
Tel: (021) 32427727, 32429658
Fax: (021) 32438211

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