Pak-Gulf Leasing Company reported earnings per share of PKR 2 in FY24 against earning per share of PKR 1 in FY23, an increase of 100%. Furthermore, in 1QFY25 the company has reported earning per share of PKR 1 against earning per share of PKR 0 in SPLY.
In FY24, the company’s income from operations reached PKR 250 million, a 5% increase from PKR 262 million in FY23. The net profit also saw a 39% rise, growing from PKR 57 million in FY23 to PKR 79 million in FY24.
The company’s investments in leasing are primarily distributed across machinery and equipment (67%), vehicles (10%), and other categories (23%). The company has diversified its investments into several sectors, including electrical, steel, transportation, and textiles.
The dividend payout for FY24 stood at 0%, a decrease from 35% in FY23. However, as of September 30, 2024, the company declared a 22% cash dividend for its shareholders. Looking ahead, the company plans to increase its financing exposure to manage the KIBOR effectively, recover dues through out-of-court settlements and rescheduling, and optimize the utilization of its existing human resources.
Important Disclosures
Disclaimer: This report has been prepared by Chase Securities Pakistan (Private) Limited and is provided for information purposes only. Under no circumstances, this is to be used or considered as an offer to sell or solicitation or any offer to buy. While reasonable care has been taken to ensure that the information contained in this report is not untrue or misleading at the time of its publication, Chase Securities makes no representation as to its accuracy or completeness and it should not be relied upon as such. From time to time, Chase Securities and/or any of its officers or directors may, as permitted by applicable laws, have a position, or otherwise be interested in any transaction, in any securities directly or indirectly subject of this report Chase Securities as a firm may have business relationships, including investment banking relationships with the companies referred to in this report This report is provided only for the information of professional advisers who are expected to make their own investment decisions without undue reliance on this report and Chase Securities accepts no responsibility whatsoever for any direct or indirect consequential loss arising from any use of this report or its contents At the same time, it should be noted that investments in capital markets are also subject to market risks This report may not be reproduced, distributed or published by any recipient for any purpose.
