Board meeting: HMC revenue jumps to Rs1.9 billion

HMC MD informed that during the nine months of the fiscal year 2011-12, sales of Rs1.9 billion have been recorded

ISLAMABAD:

Heavy Mechanical Complex (HMC) private limited is a valuable national asset but steps are to be undertaken to further utilise it to its maximum potential for the benefit of the country, Federal Minister for Production Anwar Ali Cheema said while briefing the HMC board.

HMC Managing Director Ashraf Butt informed that during the nine months of the fiscal year 2011-12, sales of Rs1.9 billion have been recorded as compared to receipts of Rs1.6 billion in the corresponding period last year.

The organisation also registered a gross profit of Rs194.5 million for the same period, he remarked.

Published in The Express Tribune, May 19^th, 2012.