JS Securities Limited – INDU: 1HFY15 EPS at Rs39.99, up 132% YoY

Karachi, February 20, 2015 (PPI-OT): Indus Motor Company Limited (INDU) announced 1HFY15 results today, where the company posted earnings of Rs3,143mn (EPS: Rs39.99), up 132% YoY. The result was in-line with JS Securities Limited’s expectation of Rs2,958mn (EPS: Rs37.63). The company also announced an interim cash dividend of Rs20/share.

In 2Q alone, earnings clocked in at Rs25.65/share, a growth of 327% YoY and 79% QoQ, led by (1) revenue growth of 86% YoY, (2) gross margins improvement to 13.5% on the back of favourable PKR exchange rate and (3) jump in other income by 210% YoY owing to higher cash balances.

The post JS Securities Limited – INDU: 1HFY15 EPS at Rs39.99, up 132% YoY appeared first on AsiaNet-Pakistan.

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