Earning review: PSMC does not surprise

10:10
July 24, 2019
MG

July 24, 2019 (MLN): Pak Suzuki Motors Company held its board meeting today, i.e. July 24, 2019, wherein the directors of the company announced net losses of Rs. 544 million and Loss per share of Rs. 6.62 for the quarter ended June 30, 2019.

The company saw almost no growth in its sales revenue, in spite of an increase in car prices over the previous quarter. Moreover, the gross profits of the company fell by a whopping 82% on the back of persistent PKR devaluation.

With regards to half-yearly performance, the company incurred losses of Rs. 1.5 billion, as compared to the profits of Rs. 1.2 billion in the same period of last year.

The company’s performance was fairly in line with market expectations, and was closest to the projection put forward by Arif Habib Limited.

Profit and loss account for the quarter ended June 30, 2019 (Rupees'000)
	June 30, 2019	June 30, 2018	% Change
Turnover	31,039,879	30,880,756	0.52%
Cost of sales	-30,728,340	-29,132,122	5.48%
Gross Profit	311,539	1,748,634	-82.18%
Distribution costs	-1,000,623	-642,098	55.84%
Administrative expenses	-580,439	-517,434	12.18%
Finance costs	-379,617	-19,520	1844.76%
Other income	52,804	213,287	-75.24%
Workers' profit participation fund		-39,125
Workers' welfare fund		-14,867
Share of loss of equity accounted investee	-901	-383	135.25%
(Loss) / profit before taxation	-1,597,237	728,494
Taxation	1,052,624	-334,986
Net (loss) / profit for the period after Tax	-544,613	393,508
(Loss)/earning per share – basic and diluted	-6.62	4.78

Copyright Mettis Link News

Posted on: 2019-07-24T15:10:00+05:00

29098

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.38000	278.58000	278.58000	278.38000	09:57 AM
2	EUR	1.07057	1.07059	1.07059	1.07057	12:57 AM
3	GBP	1.24550	1.24556	1.24556	1.24550	12:57 AM
4	CHF	0.91165	0.91174	0.91174	0.91165	12:57 AM
5	JPY	154.83000	154.84000	154.84000	154.83000	12:57 AM
6	CAD	1.36643	1.36654	1.36654	1.36643	12:57 AM
7	AUD	0.65160	0.65200	0.65200	0.65160	12:57 AM
8	INR	83.26340	83.26570	83.26570	83.26340	12:57 AM
9	SAR	3.75060	3.75090	3.75090	3.75060	09:57 AM
10	AED	3.67260	3.67290	3.67290	3.67260	09:57 AM
11	HKD	7.83408	7.83433	7.83433	7.83408	12:57 AM
12	CNH	7.26000	7.26060	7.26060	7.26000	12:57 AM
13	CNY	7.24480	7.24570	7.24570	7.24480	11:52 PM
14	THB	36.88900	36.89900	36.89900	36.88900	12:57 AM
15	MYR	4.77300	4.77800	4.77800	4.77300	11:55 PM
16	IDR	16,148.40000	16,151.40000	16,151.40000	16,148.40000	12:57 AM
17	SGD	1.35950	1.35965	1.35965	1.35950	12:57 AM
18	NZD	0.59458	0.59462	0.59462	0.59458	12:57 AM
19	MXN	16.92750	16.95880	16.95880	16.92750	12:57 AM
20	TRY	32.55330	32.56330	32.56330	32.55330	12:57 AM
21	SEK	10.80230	10.81090	10.81093	10.80231	12:57 AM
22	ZAR	19.07820	19.10820	19.10820	19.07820	12:57 AM
23	NOK	10.89030	10.89460	10.89462	10.89030	12:57 AM
24	DKK	6.96760	6.96860	6.96860	6.96760	12:57 AM
25	ARS	872.74500	872.75500	872.75500	872.74500	12:57 AM
26	BDT	107.51300	110.87500	110.87456	107.51303	09:00 PM
27	BHD	0.37703	0.37706	0.37706	0.37703	09:57 AM
28	BRL	5.13070	5.13370	5.13370	5.13070	12:55 AM
29	KRW	1,369.98000	1,370.15000	1,370.15000	1,369.98000	12:57 AM
30	KWD	0.30798	0.30837	0.30837	0.30798	09:57 AM
31	LKR	295.45900	301.99500	301.99497	295.45868	09:00 PM
32	OMR	0.38498	0.38503	0.38503	0.38498	09:57 AM
33	QAR	3.64600	3.64900	3.64900	3.64600	09:57 AM
34	RUB	93.47000	94.07000	94.07000	93.47000	08:00 PM
35	AFN	70.91800	72.78550	72.78550	70.91801	09:00 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:38 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	08:00 PM
39	UZS	12,614.10000	12,679.50000	12,679.45599	12,614.09316	09:00 PM
40	PHP	57.40800	57.41900	57.41900	57.40800	12:57 AM
42	NGN	1,233.00000	1,234.00000	1,234.00000	1,233.00000	08:24 PM
43	KES	133.00000	135.00000	135.00000	133.00000	08:24 PM
44	AMD	361.45800	417.48400	417.48371	361.45816	09:00 PM
45	TWD	32.54200	32.54700	32.54700	32.54200	12:57 AM
46	XAU	2,326.70000	2,327.02000	2,327.02000	2,326.70000	12:57 AM
47	XAG	27.40930	27.41910	27.41910	27.40930	12:57 AM
48	XPT	913.45000	922.45000	919.05000	916.75000	09:57 AM
49	XPD	1,029.42000	1,035.07000	1,035.06990	1,029.42000	09:57 AM
2,120	VES	36.26120	36.34220	36.34216	36.26125	08:00 PM
2,212	UGX	3,754.65000	3,838.68000	3,838.68377	3,754.64545	09:00 PM
2,213	TZS	2,524.76000	2,618.12000	2,618.12071	2,524.76311	09:00 PM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	Direction	DateTime
KSE100	72,091.69	72,088.291	71,467.02	728.886	1.021	56,385,967.0	2,939,418,830.990	1	24/04/2024 10:11 AM
ALLSHR	47,280.32	47,280.323	46,960.12	414.450	0.884	96,765,939.0	4,212,471,115.820	1	24/04/2024 10:11 AM
KSE30	23,792.69	23,792.685	23,586.59	225.829	0.958	20,650,148.0	1,998,221,370.320	1	24/04/2024 10:11 AM
KMI30	121,035.05	121,035.047	119,802.31	1,359.114	1.136	28,091,237.0	1,902,032,874.050	1	24/04/2024 10:11 AM
KMIALLSHR	33,641.68	33,641.677	33,366.03	323.109	0.970	75,660,551.0	3,356,104,534.880	1	24/04/2024 10:11 AM
BKTi	17,984.49	17,971.092	17,862.22	118.610	0.664	3,885,955.0	452,703,274.360	1	24/04/2024 10:11 AM
OGTi	16,959.56	16,959.556	16,845.36	90.481	0.536	1,269,947.0	173,817,352.520	1	24/04/2024 10:11 AM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	66,895.0	66,915.0	66,110.0	460.00
BRENT CRUDE	EB	88.5	88.5	88.3	0.06
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-2.10
ROTTERDAM COAL MONTHLY	ET	120.0	0.0	0.0	1.35
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	83.5	83.6	83.3	0.09
SUGAR #11 WORLD	SB	19.6	19.8	19.5	0.02

To see more commodities please register for our portal

Top 5 things to watch in this week

Charts

KSE100 (Last)

KSE100 (Volume)

KSE100 (Last)

KSE100 (Volume)

MPS Preview: High for Longer

Trending :

Earning review: PSMC does not surprise

Top 5 things to watch in this week

Charts

Stay Connected

Read Next

Strong US data lifts Fitch’s global outlook, raises rate uncertainty

Weekly Market Roundup

Asian stocks rebound, investors eye earnings

PM Shehbaz Sharif forms committee to tackle fertilizer price discrimination with WACOG