Hinopak Motors Limited’s financial results for the quarter ended June 30, 2012

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