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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 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