Hino Pak Motors profit rises 111.91% to Rs. 776 million
MG News | November 22, 2017 at 03:23 PM GMT+05:00
- 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
| 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.
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