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

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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)4,430,7444,250,341
Other Income221,23442,973
 ——— ———
4,651,9784,293,314
EXPENSES
Administrative and operating expenses1,428,4601,040,160
Financial charges732 375
Workers Welfare Fund 65,550
Provisions and write offs /(reversals) (54,714)(298,214)
 ——————
  (1,440,028) (742,321)
——————
Profit/(loss) before Taxation3,211,9503,550,993
Provision for taxation(1,158,131)(71,909)
 ——— ———
Net Profit after Tax for the Quarter2,053,8193,479,084
——————
Earnings/(loss) per share for the period0.19 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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