IMC profit falls 13 percent in FY19

Indus Motor Company (IMC) profit declines 13.04 percent to Rs13.71 billion for the year ended June 30, 2019 from Rs15.77 billion posted last year, a statement said.

It announced final cash dividend for the year at Rs27.50/share. This was in addition to the combined interim cash dividend of Rs87.50/share.

Net sales went up 13.08 percent to Rs157.99 billion as compared to Rs139.71 billion last year. However, cost of sales increased by 19.83 percent to Rs138.80 billion from Rs115.83 billion during the same period last year. The company paid Rs5.26 billion in taxes, compared to Rs7.22 billion paid last year.