HINO steers toward recovery

News Image

MG News | January 29, 2025 at 04:46 PM GMT+05:00

0:00

January 29, 2025 (MLN): Hinopak Motors Limited (PSX: HINO) is on the road to recovery as the company reported a 65.5% reduction in net losses, bringing the figure down to Rs84.2 million for the nine months ended December 31, 2024, compared to Rs243.8m in the same period last year.

Despite a 21% surge in revenue to Rs6.64 billion, higher finance costs (+133.2%) and levies (+21.1%) dragged down the bottom line.

The company’s gross profit jumped 55.8% to Rs800.8m, driven by improved sales, though other income dipped nearly 48%.

Operating profits saw a dramatic turnaround, reaching Rs231.5m, reversing last year’s Rs66.8m loss.

However, after accounting for finance expenses and taxation, the company remained in the red.

Earnings per share (EPS) improved to -Rs3.4 from -Rs9.83, showing a significant cut in losses.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,100.00 118,195.00
117,905.00
480.00
0.41%
BRENT CRUDE 73.47 73.63
71.75
0.96
1.32%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 70.24 70.33
70.18
0.24
0.34%
SUGAR #11 WORLD 16.46 16.58
16.37
-0.13
-0.78%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg