Hinopak Motors Limited’s unaudited financial results for the nine months ended December 31, 2011

Karachi: At its meeting held on January 25, 2012, at 10:00 a.m. at registered office of the Company situated at D-2, SITE, Manghopir Road, Karachi, the Board of Directors has approved the following financial results:

 

Quarter ended Nine months ended
December 31 December31 December 31, December31,
2011 2010 2011 2010

(Rupees ‘000)

Revenue 2,687,448 2,504,960 5,279,009 7,589,579
Cost of sales (2,337,749) (2,235,443) (4,792,080) (6,954,726)
——— ——— ——— ———
Gross profit 349,699 269,517 486,929 634,851
Distribution expenses (76,128) (90,335) (180,019) (240,629)
Administration expenses (46,931) (42,928) (139,784) (127,793)
Other operating income 25,253 10,072 46,246 48,735
Other operating expenses (1,023)
——— ——— ——— ———
Profit from operations 251,893 146,326 211,349 315,164
Finance cost (97,651) (61,639) (285,621) (307,688)
——— ——— ——— ———
Profit/ (loss) before taxation 164,242 84,687 (74,272) 7,576
Taxation (34,218) (25,092) (63,263) (71,645)
——— ——— ——— ———
Profit / (loss) after taxation 120,024 59,595 (137,535) (64,069)
Other comprehensive income (loss)
——— ——— ——— ———
Total comprehensive profit / (loss) 120,024 59,695 (137,535) (64,069)
——— ——— ——— ———
Profit / (loss) per share – basic and diluted Rs. 9.68 Rs. 4.81 Rs. (11.09) Rs. (5.17)

 

Furthermore, the Board has not recommended any dividend, cash or otherwise.

For more information, contact:
Fahim Aijaz Sabzwari
Company Secretary
Hinopak Motors Limited
D-2, S.I.T.E. Manghopir Road,
P.O. Box No.10714, Karachi-75700,
Tel: 32563510 (9 Lines), 32583525 (3 Lines)
UAN: 111-25-25-25,
Fax: 3256-3028
E-Mail: info@hinopsk.com
Web site: www.hinopak.com

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