Loads makes 37% higher profit

The radiators and exhaust systems maker got listed at the PSX last year

KARACHI: Loads Limited, the makers of automobile parts, announced earnings of Rs86 million for the quarter ended September 2017, up 37% compared with Rs63 million in the same period of previous year, according to a company notice sent to the Pakistan Stock Exchange (PSX) on Friday.



Earnings per share came down to Rs0.63 in Jul-Sep 2017 compared with Rs0.76 in the corresponding quarter of previous year.

Loads Limited’s share price closed at Rs34.21, down 1% on a day when the benchmark KSE-100 index ended at 41,105, down 304 points or 0.73%.

Loads, which got listed at the PSX last year, makes radiators, exhaust systems, mufflers, sheet metal components among other parts. Its clients include more than a dozen national and multinational companies engaged in the production of motorcycles, cars and heavy vehicles.



Its primary customers are original equipment manufacturers (OEMs) like Suzuki and Honda, but it does sell to the secondary market through the OEMs’ sales and service outlets, which approximately constitutes 5% of its total revenues.

Published in The Express Tribune, October 28^th, 2017.

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