The profit after tax of Indus Motor Company (IMC) has increased to Rs 2,175.880 million in the nine months period ended March 31, 2010 as compared to Rs 565.983 million earned in the corresponding period last year. The board of directors of IMC in its meeting held here on Tuesday declared that the company's earning per share increased to Rs 27.68 in the period under review against Rs 7.20 in the same period a year back.
According to the financial results, sent to Karachi Stock Exchange (KSE), the company's net sales increased to Rs 40.090 billion in the nine months period this year against Rs 24.838 billion in the same period last year. The cost of sales increased to Rs 37.072 billion against Rs 23.707 billion. The company's profit before taxation increased to Rs 3,362.963 million in this period against Rs 849.658 million recorded in the same period previous year.
On quarterly basis, the profit after tax of IMC increased to Rs 809.708 million translating per share earning of Rs 10.30 in the quarter ended March 31, 2010 as compared to Rs 403.203 million with per share earning of Rs 5.13 in the same quarter in 2009.
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