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Karachi: At its meeting held on November 14, 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:
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Quarter ended |
Half year ended |
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September 30, |
September 30, |
September 30, |
September 30, |
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2011 |
2010 |
2011 |
2010 |
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|
(Rupees `000) |
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| Sales – net | 1,265,953 | 2,503,635 | 2,591,561 | 5,084,619 |
| Cost of sales | (1,199,059) | (2,269,100) | (2,454,331) | (4,719,285) |
| ——— | ——— | ——— | ——— | |
| Gross profit | 66,894 | 234,535 | 137,230 | 365,334 |
| Distribution expenses | (46,001) | (73,395) | (103,891) | (150,294) |
| Administration expenses | (48,803) | (43,261) | (92,853) | (84,865) |
| Other operating income | 12,975 | 10,804 | 19,998 | 38,663 |
| Other operating expenses | – | – | (1,023) | – |
| ——— | ——— | ——— | ——— | |
| (Loss)/ Profit from operations | (14,935) | 128,683 | (40,544) | 168,838 |
| Finance cost | (144,501) | (14,198) | (187,970) | (245,949) |
| ——— | ——— | ——— | ——— | |
| Loss before taxation | (159,436) | (13,515) | (228,514) | (77,111) |
| Taxation | (14,177) | (20,743) | (29,045) | (46,553) |
| ——— | ——— | ——— | ——— | |
| Loss after taxation | (173,613) | (34,258) | (257,559) | (123,664) |
| Other comprehensive income | – | – | – | – |
| ——— | ——— | ——— | ——— | |
| Total comprehensive loss | (173,613) | (34,258) | (257,559) | (123,664) |
| ——— | ——— | ——— | ——— | |
| Loss per share – basic and diluted | Rs. (14.00) | Rs. (2.76) | Rs. (20.77) | Rs. (9.97) |
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) 32563525(3 Lines)
UAN: 111-25-25-25,
Fax: 3256-3028
E-Mail: info@hinopak.com
Website: www.hinopak.com