Suzuki’s net profit doubles to Rs109m

Net profit of Pak Suzuki Motor Company more than doubles to Rs109m during the quarter on higher sales and prices.

Net profit of Pak Suzuki Motor Company more than doubled to Rs109 million during the quarter ended September 30 on higher car sales and increase in prices.

Sales revenue jumped 19 per cent to Rs9.57 billion during the third quarter of 2010 compared with last year’s Rs8.03 billion, according to data sent to the Karachi Stock Exchange on Monday.

The company’s sales increased 44 per cent to over 9,000 units in August on a monthly basis.

Distribution cost halved to Rs34 million against last year’s Rs77 million. The company posted earnings per share of Rs1.32 during July to September against last year’s Rs0.62.

Published in The Express Tribune, October 26^th, 2010.