Loads Limited, a Karachi based auto parts making company, has submitted a report to Pakistan Stock Exchange about its profit achieved in the last quarter that ended on December 31st, 2017.
According to the information, provided by the company, it has made a profit of Rs. 48.3 million, and if we compare the figures with the same quarter of the previous year, the company made 60.1 million profit, which shows a clear decline of about 20 percent.
It would be good to mention here that the said company was listed in Pakistan Stock Exchange back in 2016, and excels in making different auto parts of automobiles such as radiators etc. Moreover, in the last quarter, the Earnings per share of the company has also dropped from PKR 0.52 to PKR 0.32.
Furthermore, it is to be noted here that the company is establishing a plant in Pakistan to make alloy wheels in the country and is all set to become the first company to locally produce alloy wheels. The company is buying alloy wheel making plant from Australia. It would be built in Karachi and will start its working in mid of this year.
Aside from Loads Limited, Toyota IMC and Ghandhara has also posted their net profits. Ghandhara Nissan’s net profit has gone up by 82.19 percent in the last quarter, while IMC has managed to increase its net profit up to 23 percent.
Stay tuned to PakWheels.com for more exciting automobile related news.