Indus Motor Company Limited profits rise by 13.58 percent to Rs. 11.635 billion

By MG News | April 27, 2018 at 11:22 AM GMT+05:00

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Indus Motor Company Limited (INDU) today announced financial results for the nine months period ending 31 March, 2018 reporting Sales at Rs. 100.187 billion; up 18.79 percent from same period last year. Furthermore, the company’s Gross Profit rose to Rs. 17.578 billion from Rs. 15.207 billion last year during the outgoing nine months.

On the expenses front, INDU reported 7.77 percent increase in Distribution Expenses, 45 percent increase in Administrative Expenses, whereas, Other Operating Expenses incurred by the company went down 20.93 percent during the period.

Furthermore, INDU also reported a 6.16 percent increase in Other Income reaching Rs. 2.679 billion during the nine months.

Indus Motor Company Limited reported profit after taxation at Rs. 11.635 billion against Rs. 10.244 billion during the same period last year translating into an EPS of Rs. 148.04 vs. an EPS of Rs. 130.34 during the nine months ending March, 2017.

The company declared an interim cash dividend for the quarter ended 31 March, 2018 at Rs. 32.50 per share i.e. 325 percent.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Nine Months Ended, March 30^th 2018
Key Financials	March, 2018	March, 2017	% Change
	Amounts in PKR’ 000
Net Sales	100,187,521	84,343,249	18.79%
Cost of Sales	82,608,979	69,135,511	19.49%
Gross Profit	17,578,542	15,207,738	15.59%
Distribution Expenses	910,144	844,509	7.77%
Administrative Expenses	1,070,088	738,086	44.98%
Other Operating Expenses	73,569	93,046	-20.93%
Other Income	2,679,012	2,523,571	6.16%
Finance Cost	401,824	234,150	71.61%
Profit before Taxation	16,573,596	14,729,833	12.52%
Taxation	4,937,706	4,485,490	10.08%
Profit after Taxation	11,635,890	10,244,343	13.58%
EPS - Basic and diluted	148.04	130.34	13.58%

Company release on Earnings Report can be accessed here.

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