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

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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 endedNine months ended
December 31December31December 31,December31,
2011201020112010

(Rupees ‘000)

Revenue2,687,4482,504,9605,279,0097,589,579
Cost of sales(2,337,749)(2,235,443)(4,792,080)(6,954,726)
————————————
Gross profit349,699269,517486,929634,851
Distribution expenses(76,128)(90,335)(180,019)(240,629)
Administration expenses(46,931)(42,928)(139,784)(127,793)
Other operating income25,25310,07246,24648,735
Other operating expenses(1,023)
————————————
Profit from operations251,893146,326211,349315,164
Finance cost(97,651)(61,639)(285,621)(307,688)
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Profit/ (loss) before taxation164,24284,687(74,272)7,576
Taxation(34,218)(25,092)(63,263)(71,645)
————————————
Profit / (loss) after taxation120,02459,595(137,535)(64,069)
Other comprehensive income (loss)
————————————
Total comprehensive profit / (loss)120,02459,695(137,535)(64,069)
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Profit / (loss) per share – basic and dilutedRs. 9.68Rs. 4.81Rs. (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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