Financial results of Orix Leasing Pakistan Limited for period ended June 30, 2016
Karachi, Orix Leasing Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on September 29, 2016.
The agenda of the meeting was discussion of consolidated profit and loss account for the year ended June 30, 2016 which portrayed a profit of Rs. 741,664,080 with earnings per share 9.04 basic and diluted and unconsolidated profit and loss account for the year ended June 30, 2016 which portrayed a profit of Rs. 742,175,650 with earnings per share 9.04 basic and diluted respectively.
Further, 45% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from October 22, 2016 to October 29, 2016 (both days inclusive).
ORIX Leasing Pakistan Limited is a company incorporated in Pakistan as a private limited company on July 1, 1986 and was converted into a public limited company on December 23, 1987. The foundations of the company are laid under the Companies Ordinance, 1984. The Company is licensed to carry out leasing business as a Non-Banking Finance Company under the Non-Banking Finance Companies (Establishment and Regulations) Rules, 2003 (NBFC Rules) issued by the Securities and Exchange Commission of Pakistan. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the Company is located at Karachi.
The symbol “OLPL” is being used by the stock exchanges for the shares of Orix Leasing Pakistan Limited.