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 – net1,265,9532,503,6352,591,5615,084,619
Cost of sales(1,199,059)(2,269,100)(2,454,331)(4,719,285)
————————————
Gross profit66,894234,535137,230365,334
Distribution expenses(46,001)(73,395)(103,891)(150,294)
Administration expenses(48,803)(43,261)(92,853)(84,865)
Other operating income12,97510,80419,99838,663
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----
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Total comprehensive loss(173,613)(34,258)(257,559)(123,664)
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Loss per share – basic and dilutedRs. (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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