Hinopak discloses losses worth Rs 607.5 million

10:16
July 29, 2019
MG

July 29, 2019 (MLN): Hinopak Motors Limited (HINO) has disclosed after-tax losses of Rs. 607.5 million for the quarter ended on June 30, 2019 in a notification issued to Pakistan Stock Exchange. The losses incurred can be attributed to a huge drop in sales and substantial increase in the company’s finance cost.

During the quarter, HINO observed 50% decline in sales (Rs.3.3 billion) and finance cost increased 4.3x to Rs 405 million, which dragged company’s profitability in the negative territory.

Adding to the woes, administrative expenses surged by 3%, coupled with a substantial downswing (92%) in non-core income (Rs.6.1 million), this caused the company to bear a pre-tax loss worth Rs. 563.4 million.

The company reported its Loss per share at Rs. 48.99, for the aforementioned quarter.

Profit and Loss for the Quarter ended June 30, 2019 (Rupees '000)
	Jun-19	Jun-18	% Change
Revenue	3,307,425	6,659,306	-50.3%
Cost of Sales	(3,291,558)	(6,165,755)	-46.6%
Gross Profit	15,867	493,551	-96.8%
Distribution cost	(87,156)	(98,461)	-11.5%
Administrative expenses	(93,130)	(90,523)	2.9%
Other income	6,101	73,084	-91.7%
Other expenses	–	(19,514)	–
Profit from operations	(158,318)	358,137	-144.2%
Finance (cost)/income	(405,101)	(93,347)	334.0%
Profit before taxation	(563,419)	264,790
Taxation	(44,115)	(145,621)	-69.7%
Profit after taxation	(607,534)	119,169	-609.8%
Earnings per share – basic and diluted (Rupees)	(48.99)	9.61	-609.8%

Copyright Mettis Link News

Posted on: 2019-07-29T15:16:00+05:00

29173

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.40000	278.50000	278.50000	278.40000	03:02 PM
2	EUR	1.06221	1.06230	1.06230	1.06221	09:50 PM
3	GBP	1.24060	1.24069	1.24069	1.24060	09:50 PM
4	CHF	0.90738	0.90775	0.90775	0.90738	09:50 PM
5	JPY	154.24800	154.26200	154.26200	154.24800	09:50 PM
6	CAD	1.37890	1.37922	1.37922	1.37890	09:50 PM
7	AUD	0.63807	0.63820	0.63820	0.63807	09:50 PM
8	INR	83.64310	83.64360	83.64360	83.64310	09:50 PM
9	SAR	3.75110	3.75130	3.75130	3.75110	06:50 AM
10	AED	3.67260	3.67280	3.67280	3.67260	06:50 AM
11	HKD	7.83094	7.83152	7.83152	7.83094	09:50 PM
12	CNH	7.25866	7.25935	7.25935	7.25866	09:50 PM
13	CNY	7.23820	7.23920	7.23920	7.23820	11:17 PM
14	THB	36.86700	36.90900	36.90900	36.86700	09:50 PM
15	MYR	4.78800	4.79300	4.79300	4.78800	09:39 PM
16	IDR	16,133.70000	16,302.10000	16,296.50000	16,149.50000	09:50 PM
17	SGD	1.36512	1.36541	1.36541	1.36513	09:50 PM
18	NZD	0.58691	0.58722	0.58722	0.58691	09:50 PM
19	MXN	17.17440	17.20440	17.20440	17.17440	09:50 PM
20	TRY	32.56080	32.58850	32.58846	32.56079	09:50 PM
21	SEK	11.00970	11.03420	11.03419	11.00975	09:50 PM
22	ZAR	19.18590	19.26580	19.26560	19.18590	09:50 PM
23	NOK	11.05970	11.08420	11.08424	11.05973	09:50 PM
24	DKK	7.02286	7.02430	7.02430	7.02286	09:50 PM
25	ARS	873.45600	873.60700	873.60666	873.45605	09:49 PM
26	BDT	108.44500	111.82900	111.82862	108.44472	09:00 PM
27	BHD	0.37697	0.37701	0.37701	0.37697	03:41 AM
28	BRL	5.24170	5.24470	5.24470	5.24170	09:48 PM
29	KRW	1,390.16000	1,390.41000	1,390.40000	1,390.16000	09:50 PM
30	KWD	0.30830	0.30840	0.30840	0.30830	06:50 AM
31	LKR	299.02400	305.60400	305.60412	299.02431	09:00 PM
32	OMR	0.38497	0.38500	0.38500	0.38497	03:41 AM
33	QAR	3.64550	3.64850	3.64850	3.64550	06:50 AM
34	RUB	93.70000	94.60000	94.60000	93.70000	08:00 PM
35	AFN	71.30700	73.18700	73.18701	71.30705	09:00 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:42 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	08:00 PM
39	UZS	12,706.60000	12,772.40000	12,772.35727	12,706.55913	09:00 PM
40	PHP	57.53000	57.56600	57.56600	57.53000	09:50 PM
42	NGN	1,150.58000	1,151.58000	1,151.58000	1,150.58000	09:00 PM
43	KES	132.00000	134.00000	134.00000	132.00000	08:24 PM
44	AMD	368.65800	425.05600	425.05593	368.65753	09:00 PM
45	TWD	32.51800	32.54800	32.54800	32.51800	09:50 PM
46	XAU	2,414.37000	2,414.75000	2,414.75000	2,414.37000	09:50 PM
47	XAG	28.83320	28.84380	28.84380	28.83320	09:50 PM
48	XPT	948.95000	951.35000	951.35000	948.95000	06:50 AM
49	XPD	1,036.25000	1,044.25000	1,044.25000	1,036.25000	06:50 AM
2,120	VES	36.25120	36.34220	36.34216	36.25125	08:00 PM
2,212	UGX	3,780.61000	3,865.21000	3,865.20656	3,780.60817	09:00 PM
2,213	TZS	2,582.99000	2,583.01000	2,583.01500	2,582.98500	08:24 PM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	70,645.30	70,290.119	69,783.32	-43.199	-0.061	237,694,811.0	11,463,504,265.170	18/04/2024 04:13 PM
ALLSHR	46,417.10	46,207.855	45,927.10	-25.142	-0.054	440,121,509.0	24,355,862,169.420	18/04/2024 04:13 PM
KSE30	23,225.12	23,093.810	22,904.89	-26.776	-0.116	98,900,681.0	9,116,464,844.550	18/04/2024 04:13 PM
KMI30	118,354.77	117,354.600	116,464.95	-245.338	-0.209	149,225,217.0	8,668,512,964.260	18/04/2024 04:13 PM
KMIALLSHR	32,968.78	32,723.866	32,557.70	-28.234	-0.086	281,881,154.0	20,769,541,762.000	18/04/2024 04:13 PM
BKTi	17,793.43	17,582.049	17,476.13	-169.939	-0.957	18,567,387.0	2,410,715,151.990	18/04/2024 04:13 PM
OGTi	16,667.42	16,459.940	16,334.74	-2.499	-0.015	12,106,369.0	1,792,912,599.580	18/04/2024 04:13 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	61,160.0	63,840.0	61,085.0	-2,500.00
BRENT CRUDE	EB	89.5	89.5	86.9	2.37
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-5.20
ROTTERDAM COAL MONTHLY	ET	120.0	120.0	119.1	-0.35
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	84.5	84.5	81.9	2.37
SUGAR #11 WORLD	SB	19.6	19.7	19.2	0.29

To see more commodities please register for our portal

Top 5 things to watch in this week

Charts

KSE100 (Last)

KSE100 (Volume)

KSE100 (Last)

KSE100 (Volume)

Trending :

Hinopak discloses losses worth Rs 607.5 million

Top 5 things to watch in this week

Charts

Stay Connected

Read Next

Pakistan, Deutsche Bank explore sustainable finance framework for green bonds

NBP issues foreign exchange rate

PSX Closing Bell: Unrattled

PSX approves sector change for SPEL, shifts from ‘Miscellaneous’ to ‘Paper & Board’