Ghandhara Industries' Jan-Mar profit up 20%

KARACHI: Ghandhara Industries Limited posted a net profit of Rs201 million in the third quarter ended March 31, up 20% from Rs167 million in the same period of the previous year, according to a company notice sent to the Pakistan Stock Exchange (PSX).

Earnings per share (EPS) increased to Rs9.42 from an EPS of Rs7.86 in the period under review.

Meanwhile, Ghandhara Industries’ share price closed lower as well, finishing at Rs872.58, down 1.75%.

Cumulatively, during the first nine months of fiscal year 2016-17, earnings clocked in at Rs628 million (or an EPS of Rs29.46), up 25% compared with Rs504 million (or an EPS of Rs23.66) in the corresponding period of previous year.

Ghandhara Industries is the exclusive distributor of ISUZU products in Pakistan and is part of the Bibojee Group of Companies.

Published in The Express Tribune, April 29^th, 2017.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.