Indus motors

Carmaker performs quite better on QoQ basis, earns 142% higher profit

Profit rises on back of increase in sales volume, currency appreciation

Travellers buying SUVs to explore country owing to global travel restrictions

Hike in Toyota Yaris, Corolla and IMV variants comes on back of rupee depreciation

Company has raised prices of its variants from Rs65,000 to Rs307,000

Revises prices to reflect the impact of 10% federal excise duty

Company suffers a huge hit on gross margins

Insists it is in the interest of carmakers to have maximum local parts

Revises rates in wake of high cost of imports and production

Earns Rs3.5b, declares cash dividend of Rs32.50 for Jul-Sept quarter

Gross margins improve due to higher urea sales, prices

CEO cites rupee’s weakness as the primary reason

Revenues witness growth due to higher than anticipated sales of Toyota Fortuner and Revo

EPS amounts to Rs46.17 for July-September, dividend of Rs30 announced

An agreement has been signed between Ambassador of Japan to Pakistan and Chairman Bright Star

Units of select chassis numbers need to be inspected, says company

Earnings recorded at Rs9b during FY15; somewhat below expectations