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Karachi, Pak Suzuki Motor Company Limited released its unaudited condensed interim financial results for the six-month period ending June 30, 2023, following a Board of Directors meeting held in Karachi on August 25. Despite navigating a challenging economic environment, the company’s financial performance is showcased through the following key figures:
Sales: Rupees 43,182,382 thousand, up from Rupees 112,624,614 thousand year-on-year.
Gross Profit: Achieved at Rupees 4,145,155 thousand compared to Rupees 4,209,581 thousand in the previous year.
Operating Expenses: A reduction in distribution and marketing costs to Rupees 1,121,100 thousand from Rupees 1,646,280 thousand, while administrative expenses amounted to Rupees 1,244,055 thousand.
Net Profit: Despite challenges, the company reported a net profit of Rupees 3,238,944 thousand for the period after tax, an increase from Rupees 442,989 thousand.
Earnings per Share: The earnings per share for the period stood at a basic loss of Rupees 117.58, compared to a loss of Rupees 0.21 in the corresponding period last year.
Amidst the landscape of fluctuating financial results, the company remains optimistic as it copes with challenges and strives to sustain growth in the face of ongoing economic uncertainties.
The post Pak Suzuki Motor Company Reports Unaudited Financial Results for H1 2023: Strives Amidst Economic Challenges appeared first on Pakistan Company News.