Indus Motor Company (IMC) reported on Monday a profit-after-tax (PAT) of Rs9.66 billion in fiscal year 2022-23 (FY23), a decrease of nearly 39% as compared with earnings of Rs15.8 billion in the same period of the previous year.
Earnings per share (EPS) stood at Rs123 in FY23 compared with Rs201 in FY22. The board of directors of the assembler of Toyota vehicles in Pakistan met on August 25 to review the company’s financial and operational performance in the year ended June 30, 2023.
Along with the result, the company declared a final cash dividend of Rs29 per share. This was in addition to the already paid combined interim cash dividend of Rs42.8 per share, taking the full year divided to Rs71.8 per share.
On a quarterly basis, Indus Motor’s PAT was up by 19%.
During FY23, the auto assembler posted revenue to the tune of Rs177.71 billion, as compared to Rs275.5 billion, a decline of 35%.