Hinopak Motors reports an annual loss worth Rs 873 million

08:39
May 23, 2019
MG

May 23, 2019 (MLN): Hinopak Motors Limited has announced its financial results for the year ended on March 31^st 2019, as per which the company reported a loss of Rs 873.3 million with LPS recorded at Rs 70.42 per share, against a profit of Rs 1.14 billion earned last year.

The loss is mainly attributable to decline in company’s topline earnings by 28% and decline in income from other operations by around 51%.

During the period, company witnessed decline in other expenses by 99% and tax payments by 32% but the rise in finance cost by 50.5% helped further in dragging Hinopak’s earnings in the negative territory.

Profit and Loss for the Year Ended March 31,2019 (Rupees '000)
	Mar-19	Mar-18	% Change
Revenue	19,130,839	26,615,071	-28.1%
Cost of Sales	(18,017,525)	(23,580,631)	-23.6%
Gross Profit	1,113,314	3,034,440	-63.3%
Distribution cost	(379,128)	(440,146)	-13.9%
Administrative expenses	(378,831)	(420,586)	-9.9%
Other income	147,640	300,789	-50.9%
Other expenses	(1,372)	(125,947)	-98.9%
Profit from operations	501,623	2,348,550	-78.6%
Finance (cost)/income	(1,021,797)	(679,002)	50.5%
Profit before taxation	(520,174)	1,669,548
Taxation	(353,123)	(520,173)	-32.1%
Profit after taxation	(873,297)	1,149,375
Earnings per share – basic and diluted (Rupees)	-70.42	92.69

Copyright Mettis Link News

Posted on: 2019-05-23T13:39:00+05:00

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3	GBP	1.24340	1.24360	1.24360	1.24340	06:52 AM
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20	TRY	32.51350	32.52350	32.52350	32.51350	06:52 AM
21	SEK	10.87950	10.88200	10.88201	10.87949	06:52 AM
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24	DKK	6.97738	6.97788	6.97788	6.97738	06:52 AM
25	ARS	872.74200	872.75000	872.75013	872.74171	06:52 AM
26	BDT	107.51300	110.87500	110.87456	107.51303	09:00 PM
27	BHD	0.37702	0.37707	0.37707	0.37702	03:52 PM
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30	KWD	0.30790	0.30814	0.30814	0.30790	03:52 PM
31	LKR	295.45900	301.99500	301.99497	295.45868	09:00 PM
32	OMR	0.38498	0.38503	0.38503	0.38498	03:52 PM
33	QAR	3.64600	3.64900	3.64900	3.64600	03:52 PM
34	RUB	93.47000	94.07000	94.07000	93.47000	08:00 PM
35	AFN	70.91800	72.78550	72.78550	70.91801	09:00 PM
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42	NGN	1,290.00000	1,291.00000	1,291.00000	1,290.00000	06:47 AM
43	KES	134.00000	136.00000	136.00000	134.00000	06:47 AM
44	AMD	361.45800	417.48400	417.48371	361.45816	09:00 PM
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46	XAU	2,314.92000	2,315.23000	2,315.23000	2,314.92000	06:51 AM
47	XAG	27.11120	27.12020	27.12020	27.11120	06:51 AM
48	XPT	911.90000	913.40000	913.10000	911.90000	03:51 PM
49	XPD	1,016.84000	1,023.73000	1,023.25000	1,018.25000	03:51 PM
2,120	VES	36.26120	36.34220	36.34216	36.26125	08:00 PM
2,212	UGX	3,754.65000	3,838.68000	3,838.68377	3,754.64545	09:00 PM
2,213	TZS	2,596.99000	2,597.01000	2,597.01500	2,596.98500	06:47 AM

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Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	72,414.33	72,051.892	71,467.02	692.487	0.970	324,394,046.0	15,819,649,603.380	24/04/2024 04:08 PM
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KSE30	23,944.85	23,807.818	23,586.59	240.962	1.023	111,084,203.0	11,134,619,142.260	24/04/2024 04:08 PM
KMI30	121,905.06	121,162.457	119,802.31	1,486.525	1.242	141,977,013.0	9,527,933,690.490	24/04/2024 04:08 PM
KMIALLSHR	33,729.93	33,656.520	33,366.03	337.953	1.014	426,372,934.0	19,036,763,192.270	24/04/2024 04:08 PM
BKTi	18,030.81	17,888.609	17,862.22	36.126	0.202	21,509,069.0	2,555,955,471.290	24/04/2024 04:08 PM
OGTi	17,023.12	16,956.573	16,845.36	87.498	0.519	9,130,060.0	1,277,740,233.420	24/04/2024 04:08 PM

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Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	66,270.0	67,120.0	66,110.0	-165.00
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