Pak Suzuki Motors profit rises 65% to Rs. 3 billion
MG News | October 24, 2017 at 12:28 PM GMT+05:00
- Pak Suzuki Motors Turnover for the period increased by 28.26%, amounting to a total of 72.8 billion Rupees during the Jan – Sept, 2017
- Company’s Finance Cost also went up by 61% during the period under review
- The Profit after tax for the period increased 65.3% reaching 3 billion vs previous year’s profit of 1.87 billion Rupees.
- The company’s earnings per share reached 37.63 Rupees/Share
| Comparison of Key Financials | |||
|---|---|---|---|
| Unconsolidated Profit and Loss Account - For the Quarter Ended, September 30th 2017 | |||
| Key Financials | 2017 | 2016 | % Change |
| Amounts in PKR ‘000 | |||
| Turnover | 72,802,282 | 56,759,783 | 28.26% |
| Cost of Sales | 65,411,921 | 51,523,143 | 26.96% |
| Gross Profit | 7,390,361 | 5,233,640 | 41.21% |
| Distribution Cost | 1,970,315 | 1,498,648 | 31.47% |
| Administrative Expenses | 1,122,011 | 1,142,798 | -1.82% |
| Finance Cost | 140,504 | 87,289 | 60.96% |
| Other Operating Income | 664,029 | 842,947 | -21.23% |
| Profit from Operations | 4,489,203 | 3,116,846 | 44.03% |
| Profit before Taxation | 4,474,552 | 3,116,846 | 43.56% |
| Taxation | 1,377,616 | 1,243,222 | 10.81% |
| Net profit for the period | 3,096,936 | 1,873,624 | 65.29% |
| EPS - Basic | 37.63 | 22.77 | 65.26% |
Company release on Earnings Report can be accessed here.
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