PSMC posts RS. 794.42 million profit in 2011.
ISLAMABAD, March 20, 2012 (Balochistan Times): Pakistan Suzuki
Motors (PSMC) has posted the profit of Rs.794.42 million for the year
ended on December 31,2011, witnessing an increase of 73.42 per cent as
compared to Rs.211.14 million in 2010. A statement issued by the company
said that the company announced its earning per share (EPS) of Rs. 9.65
in 2011, registering a significant increase of 73.36 per cent from Rs.
2.57 recorded last year. In addition to this, the company also declared
a cash dividend of Rs. 2 per share or 20 per cent for the year ended on
December 31, 2011, it added. Stock Analyst, Zaheer Ahmed told that the
earnings witnessed an increase from 24 per cent increase in companys
earning on the back of an increase in per unit prices and 17 per cent
increase in volumetric sales. He said that besides higher volumetric
sales, other income also increased by 8 per cent to Rs. 620 million as
compared to Rs.575 million last year.
(THROUGH ASIA PULSE)