Payout: Indus declares Rs10 per share dividend

KARACHI: Indus Motor Company Ltd (IMC) has announced cash dividend of Rs10 per share for the year ended June 30, 2011 after audited accounts were approved in the 22nd Annual General Meeting. According to a press release issued from IMC, interim dividend of Rs5 per share was given earlier making the total dividend paid during FY2010-11 Rs15 per share. IMC Chairman Ali S Habib said that the business environment for automakers and parts supplier remained uncertain as the industry continuously appealed for logical reasoning by decision makers.

Published in The Express Tribune, October 7^th, 2011.