Indus Motor Company ltd. profit for 1QFY18 rises 19.08% to Rs. 3.6 billion

By MG News | October 27, 2017 at 12:58 PM GMT+05:00

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Indus Motor Co. sales for the period increased by 21.23%, amounting to a total of 31.21 billion Rupees during the three months ended September, 30^th 2017
Company’s distribution expenses for the period increased by 53% to 311 million
The Profit after tax for the period increased 19.08% reaching 3.6 billion against last year quarterly profits of Rs. 3.04 billion
The company’s earnings per share reached rupees 46.17 against 38.77 rupees in 2016
Company declared a dividend of Rs. 30 per share at the rate of 300%

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Quarter Ended, September 30^th 2017
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Net Sales	31,219,736	25,751,868	21.23%
Cost of Sales	25,776,884	21,573,398	19.48%
Gross Profit	5,442,852	4,178,470	30.26%
Distribution Expenses	311,210	203,781	52.72%
Administrative Expenses	279,045	220,512	26.54%
Other operating expenses	3,042	2,422	25.60%
Other income	856,365	874,207	-2.04%
Finance costs	152,671	11,403	1238.87%
Profit before Taxation	5,168,129	4,296,154	20.30%
Taxation	1,539,409	1,248,793	23.27%
Profit after taxation	3,628,720	3,047,361	19.08%
EPS - Basic and diluted	46.17	38.77	19.09%

Company release on Earnings Report can be accessed here.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,125.00	110,525.00 107,865.00	-2290.00 -2.07%
BRENT CRUDE	68.51	68.89 67.75	-0.29 -0.42%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.75 0.78%
ROTTERDAM COAL MONTHLY	106.00	106.00 105.85	-2.20 -2.03%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.50	67.18 66.04	-0.50 -0.75%
SUGAR #11 WORLD	16.37	16.40 15.44	0.79 5.07%