Ghandhara Nissan Limited Reports Standalone and Consolidated Earnings Results for the Year Ended June 30, 2018
September 18, 2018
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Ghandhara Nissan Limited reported standalone and consolidated earnings results for the year ended June 30, 2018. For the year, on standalone basis, the company reported revenue of PKR 2,218,734,000 compared to PKR 4,858,178,000 a year ago. Profit from operations was PKR 1,274,978,000 compared to PKR 748,748,000 a year ago. Profit before taxation was PKR 1,252,196,000 compared to PKR 740,609,000 a year ago. Profit after taxation was PKR 1,037,521,000 or PKR 23.02 per basic and diluted share compared to PKR 409,960,000 or PKR 9.10 per basic and diluted share a year ago.
For the year, on consolidated basis, the company reported revenue of PKR 4,896,644,000 compared to PKR 8,568,846,000 a year ago. Profit from operations was PKR 1,315,575,000 compared to PKR 915,319,000 a year ago. Profit before taxation was PKR 1,631,357,000 compared to PKR 1,116,569,000 a year ago. Profit after taxation was PKR 1,348,356,000 or PKR 29.92 per basic and diluted share compared to PKR 719,200,000 or PKR 15.96 per basic and diluted share a year ago.
Ghandhara Automobiles Limited, formerly Ghandhara Nissan Limited, is a Pakistan-based holding company. The Company is engaged in assembly/progressive manufacturing of vehicles, including JAC Trucks and Chery SUVs, import and sale of parts and Dongfeng and Renault vehicles in completely built-up condition and assembly of other vehicles under contract agreement. The Company manufactures cars, trucks and buses. Its trucks/buses product lineup includes DF245iPM (4x2), DF385/420PM (6x4), DF375 (DFL3318A12), DF245RIGID (6x2), DF220RIGID (6x2), DF285iPM (6x4), Captain C, DF375 (DFL4251A8), DF280 (DFL1250), Realling M, JAC 1042, JAC 1020K, JAC X200, Renault D-280, Renault K-380, and Renault C-380. Its production facilities in assembling plants include cab metal shop, paint shop, trimming shop, chassis drilling, frame riveting, main assembly line, engine assembly and test shop, body shop, and axle assembly shop. Its manufacturing facilities are located at Port Qasim, Karachi.