Business

Ghandhara Nissan’s earnings up 30%

The company can produce 1,200 vehicles annually on a single shift basis

Our Correspondent October 29, 2016

A view shows the logo of Nissan on a car in Moscow, Russia. PHOTO: REUTERS

KARACHI: Ghandhara Nissan Limited posted a consolidated profit of Rs207 million in the quarter ended September 30, up 27% compared to Rs163 million in the same period last year, according to a company notice sent to the Pakistan Stock Exchange (PSX).

Earnings per share (EPS) increased to Rs4.61 compared to an EPS of Rs3.63 in the period under review. KSE 100-Index closed at 39,872, down 114 points or 0.29% on Friday. Ghandhara Nissan’s share price closed at Rs255.53, down 3% from Rs263.37.

Though the company currently assembles trucks, it has the capacity to assemble buses and cars. Until a few years ago it used to assemble both buses and cars. Its plant is located at Bin Qasim Town, which is about 20 kilometers away from Karachi city.

According to its website, the company can produce 1,200 vehicles annually on a single shift basis.

Published in The Express Tribune, October 29^th, 2016.

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