Chief Editor: Ansar Mahmood Bhatti

Indus Motor’s net profit surges to Rs13bn

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KARACHI, AUG 25 (DNA)- Indus Motor Company Limited’s (IMC) on Friday announced a 13pc hike in net profit as profit surged to Rs13 billion for the financial year ended June-30, 2017. As per bourse filed on Thursday, the earnings per share (EPS) stood at Rs165.41. The documents also showed an upward trajectory of 3pc to Rs112.271 billion in company’s revenue for FY 2016-17. It stood at Rs108.758 billion for the FY 2015-16. The company announced a cash dividend of Rs35/share in addition to the combined interim cash dividend of Rs80/share already paid to shareholders.

IMC spokesperson attributed surge in profit to federal government’s business friendly policies.