Home Blog IMC profit falls 13 percent in FY19

IMC profit falls 13 percent in FY19

Indus Motor Company's profits fell 13.04 percent to 17.17 billion rupees in the year ending June 30, 2019, up from 155.7 billion rupees posted last year.
It announced final cash dividend of the year at Rs27.50 per share. This is in addition to the median cash dividend of Rs87.50 per share.
Net sales increased 13.08 percent to 151 billion rupees compared with 137.1 billion rupees last year. However, over the same period last year, the cost of sales rose 19.83% to 138 billion rupees, up from 110.13 billion rupees. The company paid 5.6 billion rupees compared to last year, which paid 7.2 billion rubles.

Source: https://www.thenews.com.pk/latest/518752-IMC%20profit%20falls%2013%20percent%20in%20FY19

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