Profits Skyrocketed with Pak Suzuki Higher Sales

Written by  Published by:Pakistan Views Saturday, 08 August 2015 16:41

KARACHI: Pak Suzuki Motor Company higher sales in the first six months of 2015 pushed earnings up by 134%, a stock filing said on Friday.


Net profit for the car manufacturer stood at Rs2.4 billion for January-June as a result of a 37% rise in sales that amounted to almost Rs40 billion.

Shajar Capital attributed the increase of over one-third in the company’s topline to the sale of over 59,000 units, up almost 47% from the number of units sold in the first six months of 2014.

“The Punjab taxi scheme led higher growth in Ravi (up 138% year-on-year) and Bolan (up 124% year-on-year) while Suzuki Wagon recorded 118% uptick in sales during the period.

However, Swift, Cultus and Mehran registered about 33%, 3% and 9% growth, respectively, in Jan-Jun year-on-year,” it said.

The gross margin was 12.7% in Jan-Jun on the back of lower steel prices, consistent rupee-dollar parity and weaker Japanese yen, it added.

The volumetric increase also resulted in a rise of 148% in the distribution cost that amounted to Rs1.1 billion during the six-month period.

Rating: 5 Read 991 times

Leave a comment

Make sure you enter the (*) required information where indicated. HTML code is not allowed.

Pakistan Views - National & International News Portal (Pakistan Views) stands as a website enlightening the masses with all information related to current affair, entertainment, sports, technology, etc. It has been brought into existence to ensure that voice of Pakistan reaches the masses. Ensuring that a true picture of Pakistan is portrayed in the right manner to the world. The website is to bring forth the real picture of Pakistan negating avenues of Terrorism and Non-State Actor.