Pak Suzuki Motor Co. Ltd. recently posted its financial results for the year ended December 31, 2021, showing a shift from losses to profits from the previous year.
In a statement to the Pakistan Stock Exchange, the company reported a net profit of Rs 2.679 billion for the year ended December 31, up from losses of Rs1.378 billion the previous year.
In addition, Pak Suzuki also announced a Rs 6.50 final cash dividend for the year under-reporting. However, earnings per share were Rs 32.56, compared to a loss of Rs 16.75 per share in the same time of the previous year.
The company further said that sales for the year increased to Rs 160.082 billion, up from Rs 76.720 billion the previous year. However, the cost of sales remained unchanged at Rs 151.911 billion, up from Rs73.120 billion the previous year.
Pak Suzuki’s other operational revenue climbed by Rs 2.222 billion over the same time previous year, compared to Rs 704.394 million.
