Indus Motor Company faces another setback as profits for 9MFY20 decline by 51%
MG News | April 24, 2020 at 01:50 PM GMT+05:00
April 24, 2020 (MLN): Indus Motor Company on Friday announced the financial results for the nine months ended March 31, 2020, which showed a profit after tax figure of Rs. 4.98 billion (EPS: Rs. 63.41), i.e. 51% lower than the figures reported in same period of last year.
The company also paid a Cash Dividend at Rs. 10 per share, I.e. 10%. This is in addition to the combined interim Cash Dividend of 13 per share i.e. 130% already paid.
The revenue of the company declined by 36% owing to decline in volumetric sales, whereas gross profits declined by 48% on account of PKR devaluation.
The company’s distribution expense showed an increase of 24% due to the extensive advertisement and promotional activities carried out during the period.
| Financial results for the nine months ended March 31, 2020 ('000 Rupees) | |||
|---|---|---|---|
| Mar-20 | Mar-19 | % Change | |
| Net sales | 75,830,354 | 117,979,946 | -35.73% |
| Cost of sales | 68,054,877 | 103,055,837 | -33.96% |
| Gross profit | 7,775,477 | 14,924,109 | -47.90% |
| Distribution expenses | 1,236,590 | 997,619 | 23.95% |
| Administrative expenses | 1,032,047 | 1,001,001 | 3.10% |
| Other operating expenses | 143,611 | 121,328 | 18.37% |
| Workers' Profit Participation Fund and Workers' Welfare Fund | 545,500 | 1,098,479 | -50.34% |
| Other income | 2,337,269 | 3,156,639 | -25.96% |
| Finance cost | 54,238 | 40,815 | 32.89% |
| Profit before taxation | 7,100,760 | 14,821,506 | -52.09% |
| Taxation | 2,117,035 | 4,564,297 | -53.62% |
| Profit after taxation | 4,983,725 | 10,257,209 | -51.41% |
| Earnings per share - basic and diluted (Rupees) | 63.41 | 130.50 | -51.41% |
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 177,692.92 292.03M | -0.44% -778.95 |
| ALLSHR | 107,527.40 755.35M | -0.21% -222.76 |
| KSE30 | 53,022.89 136.49M | -0.33% -177.32 |
| KMI30 | 254,789.27 135.36M | -0.08% -207.69 |
| KMIALLSHR | 69,937.14 438.67M | -0.02% -16.42 |
| BKTi | 47,966.64 21.05M | -1.22% -591.93 |
| OGTi | 36,833.67 15.21M | 0.60% 217.97 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 62,765.00 | 62,975.00 62,425.00 | 400.00 0.64% |
| BRENT CRUDE | 76.72 | 76.82 76.20 | -0.36 -0.47% |
| RICHARDS BAY COAL MONTHLY | 115.00 | 0.00 0.00 | 0.00 0.00% |
| ROTTERDAM COAL MONTHLY | 125.90 | 125.90 125.90 | -0.15 -0.12% |
| USD RBD PALM OLEIN | 1,157.50 | 1,157.50 1,157.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 72.87 | 73.18 72.34 | -0.34 -0.46% |
| SUGAR #11 WORLD | 13.93 | 14.03 13.75 | 0.09 0.65% |
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 |
|---|