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Loss per share (LPS) amounted to Rs0.26 from an LPS of Rs0.27 in the period under review. The company’s loss in the first six months (Jul-Dec) stood at Rs30 million in the fiscal year 2016-17, significantly lower compared with a loss of Rs62 million in the same period last year.
Dewan Farooque to resume production from October
On Monday, the company’s share price closed at Rs32.37, up 5% from its last day’s closing price on a day when the KSE-100 index closed at 48,520, down 487 points or 0.99%.
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DFML had resumed vehicle assembling in the second half of 2016. The company entered into a toll manufacturing agreement with Daehan-Dewan Motor Company Private Limited, which is a joint venture between Dewan Yousuf Companies and the Kolao Group based in Laos and South Korea.
The resumption of production by Dewan Farooque was planned with the re-launch of Shehzore 1-ton single rear-wheel truck along with Hyundai Powertrain.
Published in The Express Tribune, February 28th, 2017.
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