HINO PAK Ltd top line decline by 30.44pct in 2011
1/25/2012 3:36:53 PM
KARACHI: HINO PAK MOTORS LIMITED (HINO) loss for the year increased by 114.67 percent year on year (YoY) to Rs 137.535 million as compared to Rs 64.069 million in the previous year, mentioned in a notice issued by the company to Karachi Stock exchange.
HINO sales were affected due to downturn in economy, so demand decreased, whereas, the company’s operations were also disturbed due to floods in Japan that also resulted in decline in sales.
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