Sazgar Engineering Works’ profit declines

Sazgar Engineering Works has posted its profits for the quarter that ended on March 31st, 2018. According to the notice which the company has sent to Pakistan Stock Exchange (PSX) it made PKR 58 million in the said time. There is a 9 percent decline in the profits of the company if compared with the same period of the preceding year. Sazgar earned PKR 63.5 million in the first quarter of 2017.

It is to be noted here that not only the profits of Sazgar has declined but also of Ghandhara Nissan and Pak Suzuki as well.

The revenue of the company has also declined by 6 percent in the said time.

Read Also: Loads Limited gains PKR 48.3 million profit for last quarter

Rickshaw maker company, Sazgar has decided to set up car assembly plant in the country by June 2019 under Greenfield project. The company said it would spend PKR 1.76 billion on its new assembly plant. Moreover, it has also been exporting auto rickshaws to Japan for quite some time now; making Pakistani built rickshaws known internationally.

Ghandhara Nissan has also posted its profits, and it made PKR 198 million in the quarter that ended on March 31st, 2018 with 28 percent decline in its profit when compared to the same period of the preceding year.

Stay tuned for latest updates.

My name is M. Ali Laghari and I love to read and write about Cars.

Notable Replies

  1. Due to the declining use of rakshaws due to Uber and Careem it is not surprising that demands for new rakshaws will fall.
    But on the other hand what maybe the reason for fall in Ghandara Nissan Shares? Are they even practically in the market?

  2. Due to investment in Car line it is natural to see profit declining a better analysis would have been the analysis of Financial performance ,Its very open article and cant provide any insight

  3. Ghandhara nissan had to suspend production of their popular nissan diesel trucks because UD is no longer owned by Nissan, now they're producing Dongfeng trucks with almost no localisation and imported kits ATM so production is more expensive and they can't price em high because they have Chinese name attached to it though the sales are doing good atleast judging from onroad presence of Dongfeng trucks.

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