KARACHI: Pak Suzuki Motor Company’s profit have decreased by 41 per cent to Rs1.43 billion in the half year ended June 30.
The company said in a notification to the stock exchange it earned Rs2.42 billion in the corresponding period of 2015. Accordingly, the earnings per share dropped to Rs17.44 for the period under review from Rs29.41 in the corresponding period.
Cost of sales remained flat at Rs35 billion. Finance cost rose to Rs84.42 million from Rs23.85 million while other operating income increased to Rs589.93 million from Rs427.36 million. In the April-June quarter alone, the company’s profit dropped 67% to Rs487.84 million from Rs1.47 billion in the corresponding period last year.
