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Monday, September 21st, 2020

Hinopak Motors Limited’s financial results for the quarter ended June 30, 2011

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Karachi: At its meeting held on July 26, 2011, at 12:00 p.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

June 30,

June 30,

2011

2010

(Rupees ‘000)

Sales-net 1,325,608 2,580,984
Cost of sales (1,255,272) (2,450,185)
——— ———
Gross profit 70,336 130,799
Distribution expenses (57,890) (76,899)
Administrative expenses (44,050) (41,604)
Other operating income 7,018 27,859
Other operating expenses (1,023)
——— ———
(Loss)/Profit from operations (25,809) 40,155
Finance cost (43,469) (103,751)
——— ———
Loss before taxation (69,078) (63,596)
Taxation (14,868) (25,810)
——— ———
Loss after taxation (83,946) (89,406)
Other comprehensive income
——— ———
Total comprehensive loss (83,946) (89,406)
——— ———
Loss per share – basic and diluted Rs. (6.77) Rs. (7.21)

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: +9221 32563410
UAN: +9221 111-25-25-25,
Fax: +9221 32563028
E-Mail: info@hinopak.com
Web Site: www.hinopak.com

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