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Mettis Global News
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Hino Pak Motors profit rises 111.91% to Rs. 776 million

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  • Hino Pak Motors sales for the half year ended September, 2017 increased by 6.32%, amounting to a total of 12.41 billion
  • Company’s Gross Profit for the period increased 24% clocking in at 1.57 billion
  • Company’s other expenses increased by a whopping 110.12% during the reported period clocking in at 88.7 million
  • The Profit from Operations reached 1.2 billion compared to 6M ’16 profit of 995 million rupees: an increase of 20.66%
  • Bottom line profit for the period reached 776.11 million, up by 111.91% vs. 366.24 million during 6M ‘16
  • The company’s earnings per share reached to 62.58 rupees per share vs. 29.53 in 2016
Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Quarter Ended, September 30th 2017

Key Financials

2017

2016

% Change

 

Amounts in PKR ‘000

Sales

12,418,233

11,679,883

6.32%

Cost of Sales

10,846,388

10,409,694

4.20%

Gross Profit

1,571,845

1,270,189

23.75%

Distribution Costs

206,779

192,111

7.64%

Administration Expenses

202,228

190,303

6.27%

Other Income

127,097

152,959

-16.91%

Other Expenses

88,743

42,235

110.12%

Profit from Operations

1,201,192

995,499

20.66%

Finance Cost

16,130

392,401

-95.89%

Profit before Taxation

1,185,062

603,098

96.50%

Taxation

408,946

236,855

72.66%

Profit after Taxation

776,116

366,243

111.91%

Total Comprehensive Income

776,116

366,243

111.91%

EPS – Basic & diluted

62.58

29.53

111.92%

Company release on Earnings Report can be accessed here.

Posted on: 2017-11-22T15:23:00+05:00