KARACHI: Pakistan Suzuki Motor Company Limited (PSMCL) net profit decreased 66 percent to Rs1.298 billion for the year ended December 31, 2018 translating into earnings per share (EPS) of Rs15.77.
PSMCL earned Rs3.825 billion with EPS of Rs46.49 in the year ended December 31, 2017.
The company announced cash dividend of Rs3.16/share, which was 31.6 percent for the year ended December 31, 2018.
Finance cost of the company jumped up by Rs362 million to Rs68 million due to rise in borrowings to meet working capital requirement.
Analyst Syed Daniyal Adil from Topline Securities said further unfavourable movement in exchange rate and commodity prices, regulatory changes, increased competition from existing and new players, and disruptions in operations of principal company were key risks for the company.
A representational image showing an oil refinery. — AFP/FileKARACHI: Pakistan Petroleum Limited has announced a...
P@SHA Chairman Zohaib Khan was the esteemed Chief Guest at Aptech 2023. — X/PASHAORG/FileKARACHI: Muhammad Zohaib...
PSX marked the listing of the Mahaana Islamic Index Exchange Traded Fund with a gong ceremony on April 23, 2024. —...
FPCCI Regional Chairman and VP Zaki Aijaz while speaking during a round table discussion on the challenges and...
This representational image shows Gold bars. — AFP/FileKARACHI: Gold prices in the local market fell by Rs7,800 per...
Security personnel walk past the US Federal Reserve building in Washington, DC on Oct 22, 2021. — AFPNew York:...