The net profit of Pak Suzuki Motor Company has declined to Rs 211.143 million in the year ended December 31, 2010, as compared to Rs 255.219 million earned in the corresponding period in 2009. The company's earning per share stood at Rs 2.57 in the period under review against Rs 3.10 in the same period a year back.
The board of directors of the company in its meeting held on Friday recommended a final cash dividend for the year at Re 0.50 per share ie 5 percent. According to the financial results sent to Karachi Stock Exchange (KSE), the company's turnover increased to Rs 42.642 billion in 2010 against Rs 26.234 billion in 2009, while the cost of sales increased to Rs 41.638 billion against Rs 25.664 billion. The company's profit before taxation increased to Rs 668.015 million in 2010 against Rs 427.843 million in 2009.