HinoPak Motors Sees Profit Surge Amid Strong Sales Growth

HinoPak Motors Sees Profit Surge Amid Strong Sales Growth

HinoPak Motors Limited (PSX: HINO) reported a remarkable increase in Q3 CY24 earnings, with profit after tax reaching Rs72.44 million, a significant leap from Rs1.64 million (EPS: Rs0.07) in the same period last year.

Revenue grew by 41.2% to Rs2.7 billion, while gross profit soared 74.9% to Rs390.13 million, supported by improved margins (14.4% vs. 11.6%).

Lower administration (-5.2%) and distribution (-2%) costs offset a sharp rise in finance costs (up 844.9%).

Despite a 20.4% drop in taxes, robust sales propelled profits higher.