Hino Pak Motor Company Limited profits rise by 2.63 percent to Rs. 1.149 billion

MG News | May 29, 2018 at 12:11 PM GMT+05:00

0:00

Hino Pak Motor Company Limited (HINO) today announced financial results for the year ending 31 March, 2018 reporting Sales at Rs. 26.615 billion; up 18.41 percent from same period last year. Furthermore, the company’s Gross Profit rose to Rs. 3.034 billion from Rs. 2.466 billion last year during the outgoing twelve months.

On the expenses front, HINO reported 3.01 percent increase in Distribution Costs, 9.06 percent increase in Administrative Expenses, whereas, Finance Costs incurred by the company reported a phenomenal increase of 746.38 percent during the period.

Furthermore, HINO also reported a 18.19 percent increase in Other Income reaching Rs. 300.789 million during the period under review.

Hino Pak Motor Company Limited reported profit after taxation at Rs. 1.149 billion against Rs. 1.119 billion during the same period last year translating into an EPS of Rs. 92.69 vs. an EPS of Rs. 90.31 during the twelve months ending March, 2017.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Twelve Months Ended, March 30^th 2018
Key Financials	March, 2018	March, 2017	% Change
	Amounts in PKR’ 000
Sales	26,615,071	22,477,498	18.41%
Cost of Sales	23,580,631	20,011,397	17.84%
Gross Profit	3,034,440	2,466,101	23.05%
Distribution Cost	440,146	427,304	3.01%
Administrative Expenses	420,586	385,651	9.06%
Other Income	300,789	254,505	18.19%
Other Expenses	125,947	130,717	-3.65%
Profit from Operations	2,348,550	1,776,934	32.17%
Finance Cost	679,002	80,224	746.38%
Profit before Taxation	1,669,548	1,696,710	-1.60%
Taxation	520,173	576,809	-9.82%
Profit after Taxation	1,149,375	1,119,901	2.63%
Other Comprehensive Income for the year	214,976	472,764	-54.53%
Total Comprehensive Income for the year	1,364,351	1,592,665	-14.34%
EPS - Basic	92.69	90.31	2.64%

Company release on Earnings Report can be accessed here.

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