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
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.
| Unconsolidated Profit and Loss Account - For the Twelve Months Ended, March 30th 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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