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Karachi, July 23, 2012 (PPI-OT): At its meeting held on July 23, 2012, 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, |
|
|
2012 |
2011 |
|
|
(Rupees ‘000) |
||
| Sales |
2,183,474 |
1,325,608 |
| Cost of sales |
(1,971,715) |
(1,255,272) |
|
——— |
——— |
|
| Gross profit |
211,759 |
70,336 |
| Distribution expenses |
(51,769) |
(57,890) |
| Administration expenses |
(50,006) |
(44,050) |
| Other operating income |
10,484 |
7,018 |
| Other operating expenses |
– |
(1,023) |
|
——— |
——— |
|
| Profit/ (Loss) from operations |
120,468 |
(25,609) |
| Finance cost |
(160,755) |
(43,469) |
|
——— |
——— |
|
| Loss before taxation |
(40,287) |
(69,078) |
| Taxation |
(13,034) |
(14,868) |
|
——— |
——— |
|
| Loss after taxation |
(53,321) |
(83,946) |
| Other comprehensive Income |
– |
– |
|
——— |
——— |
|
| Total comprehensive loss |
(53,321) |
(83,945) |
|
——— |
——— |
|
| Loss per share – basic and diluted |
Rs. (4.30) |
Rs. (6.77) |
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