RECORDER REPORT

KARACHI: The profit after tax of Pak Suzuki Motor Company has increased to Rs 3.825 billion in the year ended December 31, 2017 as compared to Rs 2.772 billion earned in the corresponding period in 2016.

The company’s earning per share surged to Rs 46.49 in the period under review against Rs 33.69 in the same period a year back. The board of directors of the company in its meeting held on Monday recommended a final cash dividend for the year at Rs 18.60 per share, i.e. 186 percent.

According to the financial results sent to Pakistan Stock Exchange, the company’s turnover increased to Rs 101.811 billion in the year 2017 as compared to Rs 76.516 billion in 2016 while the cost of sales increased to Rs 92.159 billion against Rs 69.167 billion.

The company’s profit before taxation increased to Rs 5.619 billion in the year 2017 against Rs 4.415 billion in 2016.