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Hinopak Motors Limited’s financial results for the half year ended September 30, 2011

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:

 

Quarter ended

Half year ended

September 30,

September 30,

September 30,

September 30,

2011

2010

2011

2010

(Rupees `000)

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

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