Financial results of Indus Motor Company Limited for period ended March 31, 2016

Karachi, Indus Motor Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 22, 2016.

The agenda of the meeting was discussion of profit and loss account for nine months period and quarter ended March 31, 2016 which portrayed a profit/ loss of Rs. 8,847,379 and Rs. 2,952,521 with earnings per share 112.56 and 37.56 basic and diluted respectively.

Further, Rs. 20 per share i.e. 200% payment of cash dividend, nil bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from May 07, 2016 to May 13, 2016 (both days inclusive).

Indus Motor Company Limited is a public limited company incorporated in 1989 in Pakistan. The commercial production by the company started in May 1993. The company operates as a joint venture between the House of Habib, Toyota Motor Corporation and Toyota Tsusho Corporation of Japan. The operations of the company include assembling, manufacturing and marketing of Toyota and Daihatsu brand automobiles for domestic consumption. The company deals in the production of passenger cars, SUV’s, four wheel drives and commercial vehicles. The company deals in the production of passenger cars, SUV’s, four wheel drives and commercial vehicles. The manufacturing facility is located in Port Qasim, Karachi. The registered office of the company is also located in Karachi. The stocks of the company are quoted on the Karachi, Islamabad and Lahore Stock Exchanges of Pakistan.

The product is delivered nationwide through a strong network of 37 independent dealership spread across Pakistan. The workforce employed by the organization is more than 2000 workers. The production system of the company is built on application of Just-In-Time and Jidoka.

The symbol “INDU” is being used by the stock exchange for the shares of Indus Motor Company Limited.