Indus Motor

Q3 profit hits Rs4.45b, interim dividend of Rs34 per share announced

Scarcity of parts forces automaker to suspend production

Company says closure from Feb 1 - 14 is due to inventory shortages

Company says it is shutting down its plant for two weeks due to inventory shortages

Increase comes on back of rise in other income, dip in other operating expenses

Increase in car sales plays vital role in uplifting earnings

Decline comes on back of massive drop in sales volume during final quarter

Decline comes due to soaring auto prices, slowdown in Pakistan’s economy

Pakistan's auto industry on bumpy ride due to depreciation of rupee against US dollar and a high interest rate

Company announces final cash dividend of Rs27.5 per share

Company notified in advance any impact on prices will be on account of customer

Will import CBUs from next month; dealers expect it to be priced between Rs3.8m and Rs4.8m

Development comes days after rupee devaluation

Company earns Rs3.02b during Oct-Dec period.

Three existing players plan production boost to meet growing demand, new ones show interest

COO says growth in overall car sales will continue if present optimism persists

Declares interim cash dividend of Rs25 per share

The automobiles, parts and accessories sector performed outstandingly in 2015

Net sales rose 2.6% year-on-year to Rs29.1 billion

Carmaker posts Rs8.84b profit, thanks to low steel prices, weak yen

Decision comes after 1% hike in customs duty on CKD units, imported parts