Pak Suzuki Motor

Decision driven by persistent losses, no dividend payments to shareholders

Earnings surprisingly soar eight times in 2nd quarter of 2023

Loss comes on back of massive dip in auto sales

Decline in earnings mainly due to massive fall in gross profit margins

Italian company considering reviving its Karachi factory as demand likely to rise

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Announces final cash dividend of Rs5.50 per share

Pak Suzuki Motor has increased prices thrice in past nine months

Company spokesperson says govt’s word awaited on tax incentives, dismisses talk of Mehran being replaced with Alto

Policy calls for enforcement of safety rules, installation of anti-theft device

Rates increased in the range of Rs20,000 to Rs30,000 for all car models