Pak Suzuki has posted its profits for the quarter that ended on March 31, 2018, and by looking at the figures it is not great at all. According to the data posted by the company, it attained the profit PKR 904.14 million in the said period. If compared the profits with the same period of the corresponding year then there is a 31 percent decrease in profits of the company.
It acquired a profit of PKR 1.30 billion in the same quarter in 2017. The Earnings per share has also declined to PKR 10.99 from PKR 15.88, which is indeed worrisome. Moreover, the gross profit of the company on YoY has also dropped by 10 percent. It is worth mentioning here that Pak Suzuki’s overall net sales are up by 31.9 percent.
Aside from Pak Suzuki, Hascol has also posted their profits for the year 2017, and it looks quite promising. According to the notice, which the company sent to Pakistan Stock Exchange, it earned PKR 1.32 billion in profit, which has gone up by 10 percent compared to its preceding year.
Furthermore, Attock Petroleum has earned PKR 1.45 billion, which shows the net profit has gone up by 21 percent as compared to Q3 of the fiscal year 2017. The company earned PKR 1.20 billion in Q3 of 2017.
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