HINO steers toward recovery

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	160,657.50 254.92M	1.56% 2473.55
ALLSHR	97,208.72 796.11M	1.22% 1169.03
KSE30	48,725.95 154.32M	1.74% 835.38
KMI30	229,755.09 115.58M	2.00% 4494.89
KMIALLSHR	63,315.99 290.41M	1.59% 988.16
BKTi	44,068.57 45.85M	0.50% 220.43
OGTi	30,790.66 8.05M	1.67% 507.13

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	101,135.00	104,305.00 100,925.00	-600.00 -0.59%
BRENT CRUDE	63.21	63.45 62.34	0.50 0.80%
RICHARDS BAY COAL MONTHLY	85.25	0.00 0.00	0.15 0.18%
ROTTERDAM COAL MONTHLY	95.50	96.20 95.50	-0.05 -0.05%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	58.96	59.21 58.12	0.47 0.80%
SUGAR #11 WORLD	14.58	14.77 14.37	0.06 0.41%