Financial results of Grays Leasing Limited for Quarter ended December 31, 2017

Financial Results

Karachi, Grays Leasing Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Sialkot on February 23, 2018.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2017 which portrayed a loss of Rs. 1,050,500 with loss per share 0.049 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from February 17, 2018 to February 23, 2018 (both days inclusive).

Grays Leasing Limited (GLL) was incorporated in Pakistan in August 1995 as a public limited company and commenced its commercial operations in February 1997. GLL is listed on Karachi and Lahore Stock Exchanges of Pakistan.

Its Consumer Finance department caters to the needs of individuals on short to medium term basis. Lessees include public and private limited companies, partnerships, and sole proprietorships. The Company specializes in providing lease financing to small and medium size businesses. The company has its head office at Lahore and Branch offices at Karachi, Islamabad & Sialkot.

The symbol “GRYL” is being used by the stock exchange for the shares of Grays Leasing Limited.