The profit after tax of Indus Motor Company has increased to Rs 3.735 billion in the quarter ended December 31, 2017 as compared to 3.027 billion earned in the corresponding period in 2016. The company's earning per share surged to Rs 47.53 in the period under review against Rs 38.51 in the same period a year back.
The board of directors of the company in its meeting held here on Friday recommended an interim cash dividend for the quarter at Rs 32.5 per share ie 325 percent. This is in addition to first interim cash dividend already paid at Rs 30.00 per shares ie 300 percent. According to the financial results sent to Pakistan Stock Exchange, the company's net sales increased to Rs 32.098 billion in this quarter against Rs 25.647 billion in the same period a year back while cost of sales increased to Rs 26.408 billion against Rs 20.951 billion.
The company's profit before taxation increased to Rs 5.344 billion in this quarter against Rs 4.457 billion in the same quarter a year back. On half year basis, the company's profit after tax increased to Rs 7.364 billion translating into earning per share of Rs 93.69 in the six month period ended December 31, 2017 as compared to PAT of Rs 6.074 billion with EPS of Rs 77.28 in the same period in 2016.
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