Karachi: Security Leasing Corporation Limited reported a notable financial turnaround in its un-audited statement of profit or loss for the quarter ending September 30, 2026. The company's revenue increased to 3.82 million rupees, up from 3.50 million rupees in the same period last year, marking a modest improvement in its financial performance.
The company's administrative and selling expenses decreased significantly to 3.58 million rupees from the previous year's 4.75 million rupees. This reduction contributed to an operating profit of 241,254 rupees before income tax, a substantial recovery from a loss of 1.26 million rupees recorded in the third quarter of 2025.
According to information available from the Pakistan Stock Exchange (PSX), the finance costs were reduced from 5,695 rupees to 2,000 rupees, further aiding the company's bottom line. Additionally, a prior year's income tax expense of 60,120 rupees was recorded, with no current tax expenses for the period.
The profit for the quarter stood at 181,134 rupees, contrasting sharply with the loss of 1.26 million rupees in the same period last year. This change reflects a significant move in the company's financial health. The earnings per share improved to 0.005 rupees from a loss per share of 0.03 rupees in September 2025.
In the designated market category, these results highlight Security Leasing Corporation's efforts to streamline operations and improve financial stability, as evidenced by the improved revenue and reduced expenses.