Tuesday, January 19, 2021

PSMC: Net sales expects to grow by 6 percent YoY

Featured

Azerbaijan to start vaccinating citizens from next Monday

The doses of the Chinese anti-corona virus vaccine will be transported first to Turkey, where they will be examined...

Adam Schiff: Donald Trump must be removed

Adam Schiff, Chairman of the Intelligence Committee in the US House of Representatives, affirmed that they continue to defend...

Indonesia proposed a budget of 1.5 billion dollars for Chinese Sinovac vaccine

Indonesia has proposed a budget of 20.9 trillion rupees ($ 1.49 billion) to buy the Coronavirus vaccine from Sinovac,...
Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Pak Suzuki Motors Company (PSMC) is scheduled to announce its financial result on 23rd Apr’19 whereby analysts expect the company to post loss after tax (LAT) of PKR 116mn (LPS: PKR 1.41), compared to earnings of PKR 904mn (EPS: PKR 10.99) in 1QCY18.

- Advertisement -

Despite total volumetric decline of 4% YoY, net sales of the company are expected to grow by 6% YoY to PKR 33.5bn.

This is owing to increase in car prices by an average of 10-15% on account of PKR depreciation (25% YoY), resulting in rise in cost of imported raw materials and parts.

Gross margins are expected to fall by 266bps to 5.64% (due to rise in cost of raw materials) compared to gross margins of 8.30% in SPLY.

However, gross margins on quarterly basis are expected to increase by 243 bps due to rise in company prices, effective from 1st Jan’19.

Finance costs of the company are expected to increase significantly by 340% YoY and 36% QoQ to PKR 323mn on account of rise in borrowings to meet working requirements.

- Advertisement -

On the other hand, analysts expect the company to record a turnover tax of 1.25%.

- Advertisement -
Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]
- Advertisement -

Latest News

Azerbaijan to start vaccinating citizens from next Monday

The doses of the Chinese anti-corona virus vaccine will be transported first to Turkey, where they will be examined...

As You Likee: Express more, Create more with Likee’s In-App Features

The online short videos platform is rapidly becoming the content production application of choice for hundreds of thousands of Pakistanis to showcase their creativity,...

Adam Schiff: Donald Trump must be removed

Adam Schiff, Chairman of the Intelligence Committee in the US House of Representatives, affirmed that they continue to defend the democracy of the United...

Indonesia proposed a budget of 1.5 billion dollars for Chinese Sinovac vaccine

Indonesia has proposed a budget of 20.9 trillion rupees ($ 1.49 billion) to buy the Coronavirus vaccine from Sinovac, the Indonesian health minister said...

IFN declares SBP as top central bank for promoting Islamic finance

State Bank of Pakistan (SBP) has been voted as the Best Central Bank in promoting Islamic finance for the fourth time by a poll...

Related News