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

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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