Sigma Leasing Corporation Limited’s financial results for the half year ended December 31, 2011

February 13, 2012   Financial Results   No comments

Karachi: We have to inform you that the Board of Director’s of our company in their meeting held at 11:00 am, on Saturday February 11, 2012 have approved the accounts for the half year ended December 31, 2011.

The financial results of the company are as under:

 

Half Year Ended

Quarter Ended

December 31

December 31

2011

2010

2011

2010

(Rupees)
Income
Lease Income 7,234,719 13,972,945 4,059,092 5,619,606
Mark up on deposits/placements 947,281 2,153,954 574,932 979,514
other operating income 13,221,306 8,163,798 7,544,202 5,102,785
———- ———- ———- ———-
21,403,306 24,290,697 12,178,226 11,701,905
Expenses
———- ———- ———- ———-
Administrative and operating expenses 9,450,836 11,918,519 4,884,404 6,134,038
Financial charges 142,700 36,791 4,915 7,373
———- ———- ———- ———-
9,593,536 11,955,310 4,889,319 6,141,411
———- ———- ———- ———-
Operating Income 11,809,770 12,335,387 7,288,907 5,560,494
———- ———- ———- ———-
Un-realized loss / (gain)) on revaluation of HFT investments 9,852,656 (421,408) 8,904,843 (2,227,074)
Bad debts Written off – 57,028 – 57,028
———- ———- ———- ———-
9,852,656 (364,380) 8,904,843 (2,170,046)
———- ———- ———- ———-
Profit / (loss) before taxation 1,957,114 12,699,767 (1,615,936) 7,730,540
Taxation
———- ———- ———- ———-
Current 94,337 19,760,171 (47,114) 6,218,431
Prior 467,324 (2,833,655) 467,324 (2,833,655)
Deferred 3,141,507 (17,910,127) 3,555,859 (4,506,739)
———- ———- ———- ———-
Net (loss)/ profit for the period (1,745,054) 13,683,378 (5,592,005) 8,852,503
———- ———- ———- ———-
(Loss) / earnings per share – basic  and diluted (0.06) 0.46 (0.19) 0.30

 

IMPORTANT INFO:

Thu Board of Directors have decided to surrender the leasing license to securities & Exchange Commission of Pakistan and delist the Company from Karachi Stock Exchange subject to the approval of share holders of the Company and completion of all legal formalities.

We will be sending you 300 copies of printed accounts c for distribution amongst the members of the Exchange.

For more information, Contact:
Sigma Leasing Corporation Limited
Sigma, House 8-C, Block-8, P.E.C.H.S
Off Shahrah-e-Faisal, Karachi-75400 (Pakistan)
Tel #: 34557233-4, 34544850-1
Fax #: 34544439
Website: www.sigma-leasing.com
E-mail: info@sigma-leasing.com

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