Toyota Pakistan profit increases by 56% last year
Indus Motor Company (IMC), the authorized manufacturer and distributor of Toyota vehicles in Pakistan, has reported a remarkable 56% increase in profit for the fiscal year ended June 30, 2024, reaching Rs15.07 billion.
This significant growth is attributed to improved profitability despite a 14% decline in revenue. The company’s earnings per share (EPS) rose to Rs191.76, up from Rs122.96 in the previous year.
Toyota’s success in Pakistan is evident in IMC’s financial performance, with the automaker posting a gross profit of Rs19.38 billion, a substantial increase from Rs7.93 billion in the same period last year. This translates to a profit margin of 12.7%, up from 4.5% in the previous year.
The company’s board of directors has declared a final cash dividend of Rs43 per share, in addition to the interim dividend of Rs71.7 per share, making the total cash dividend for 2023-2024 an impressive Rs114.7 per shar
