KARACHI: Indus Motor Company Ltd. earnings declined by 20 percent as it recorded net profit of Rs 2.74 billion in 2011 against Rs 3.44 billion recorded in last year.
Indus has announced its financial results on Wednesday for the full year ended 30 June 2011.
Nevertheless, the Company has announced final cash dividend of Rs 10 per share i.e. 100 percent in addition to already paid interim dividend of Rs 5 per share.
Earnings per Share (EPS) of the company stood at Rs 34.90 in announced period against EPS of Rs 43.81 in the preceding year. The sales turnover of company remained flat at Rs 61.70 billion witnessing a nominal growth.
Natural calamities have depressed the sales turnover of the company as volumetric sales dropped by 1.5 percent to 51,290 units amid devastating floods in Pakistan in first half of the last financial year and the following Japanese earthquake in the second half of the last financial year which disrupted flow of supply.
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