Results: Hinopak switches to profit from loss

Hinopak Motors Limited posts net profit of Rs59.6 million.

KARACHI: Hinopak Motors Limited announced its earnings for the quarter ended December 31, 2010 on Monday.

The company posted a net profit of Rs59.6 million compared with a net loss of Rs101.82 million for the corresponding period in the preceding year, according to a notice sent to the Karachi Stock Exchange (KSE).

Formed in 1986, Hinopak Motors is the assembler and manufacturer of diesel trucks and buses in Pakistan.

Published in The Express Tribune, January 25^th, 2011.