Sialkot: Grays Leasing Limited has released its financial results for the fiscal year ended June 30, 2024, after a board meeting held on September 25, 2024. The board recommended no cash dividend, bonus shares, or right shares for this period.

According to information available from the Pakistan Stock Exchange (PSX), the company’s revenue from lease operations saw an increase to 27.18 million Rupees in 2024, up from 21.12 million Rupees in 2023. Other income also rose to 3.34 million Rupees, marking a total revenue of 30.51 million Rupees for the year, compared to 23.90 million Rupees in the previous year.

The financial statement details expenditures including administrative and other operating expenses which amounted to 17.66 million Rupees, along with financial and other charges totaling 478,395 Rupees. The net reversal for allowance for potential lease losses contributed an additional 2.39 million Rupees to the financial health of the company.

Profit before taxation stood at 14.77 million Rupees, more than doubling from 7.04 million Rupees in the previous year. After accounting for taxation, which totaled 7.01 million Rupees, the profit after taxation was recorded at 7.76 million Rupees. Earnings per share increased from 0.275 in 2023 to 0.361 in 2024.

The annual general meeting is scheduled for October 28, 2024, at 10:00 AM at the registered office, located at 701-A, 7th Floor City Towers, Main Boulevard, Gulberg II, Lahore. The share transfer books will remain closed from October 22, 2024, to October 28, 2024, with transfers received in Lahore by the close of business on October 21, 2024, being processed in time for entitlement to the transferee.