CONTENTS
Company Information
Directors' Report
Condensed Interim Statement of Financial Position
Condensed Interim Statement of Profit or Loss and Other Comprehensive Income Condensed Interim Statement of Changes in Equity
Condensed Interim Statement of Cash Flows
Notes to the Condensed Interim Financial Statements
Mr. Ryota Hatakeyama
FAMCO Share Registration Services (Pvt.) Limited
Tel: 021-34380101-05, 34384621-3
Email: info.shares@famcosrs.com
Website: www.famcosrs.com
Masato Uchida
Mr. Muhammad Zahid Hasan
3rd Qurarterly Report 2024
DIRECTORS' REPORT
For the Nine Months Ended December 31, 2024
DEAR SHAREHOLDERS!
The total sales of commercial vehicles of all makes in the country during the three quarters of 2024-25 (April-December) were 2,686 units, reflecting a 71% increase compared to the same period last year.
SALES VOLUME
The sales of Hinopak trucks and buses increased to 263 units, up from 240 units in the corresponding period of the previous year.
SALES REVENUE
Sales revenue for the nine months of the current financial year rose to Rs. 6.63 billion, compared to Rs. 5.48 billion in the same period last year. The Company recorded a gross profit of Rs. 800 million, up from Rs. 514 million in the previous year.
FINANCE COST
The finance cost for the current nine months increased to Rs. 245 million, up from Rs. 105 million in the corresponding period last year. The primary driver of this increase was the mark- up on short-term borrowings.
LOSS AFTER TAX
The loss after tax for the period stood at Rs. 84.21 million, an improvement compared to the loss of Rs. 243.81 million for the same period last year. This resulted in a loss per share of Rs. 3.40, compared to Rs. 9.83 for the previous year.
FUTURE OUTLOOK
Pakistan's economy is on the path of stability and growth. Inflation has eased to single digit, the central bank's policy rate is on a downward trajectory and stable foreign exchange rate positively impacted the overall financial environment. These factors with increased government spending on infrastructure and logistics projects, coupled with political stability may present promising prospects for the commercial vehicle industry.
The significant growth in the commercial vehicle industry in last nine months indicate that the demand for commercial vehicles is beginning to recover. At Hinopak Motors, we are encouraged by such growth and will continue to explore opportunities to enhance our product offerings which align with market demands. We also remain focused on strengthening our aftersales services to ensure customer satisfaction.
We extend our heartfelt gratitude to our parent and associated companies for their unwavering support, to our customers for their continued trust in our products, and to our dedicated staff at Hinopak for their hard work, and also to our vendors, dealers, and business partners, for their commitment during this period.
Director | Chief Executive Officer |
Date: January 29, 2025 | 3rd Qurarterly Report 2024 |
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION
AS AT DECEMBER 31, 2024
Chief Financial Officer | Director | Chief Executive Officer |
3rd Qurarterly Report 2024
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
FOR THE NINE MONTHS ENDED DECEMBER 31, 2024 - (UNAUDITED)
Chief Financial Officer | Director | Chief Executive Officer |
3rd Qurarterly Report 2024
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY
FOR THE NINE MONTHS ENDED DECEMBER 31, 2024 - (UNAUDITED)
Chief Financial Officer | Director | Chief Executive Officer |
3rd Qurarterly Report 2024
CONDENSED INTERIM STATEMENT OF CASH FLOWS
FOR THE NINE MONTHS ENDED DECEMBER 31, 2024 - (UNAUDITED)
Chief Financial Officer | Director | Chief Executive Officer |
3rd Qurarterly Report 2024
NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS
FOR THE NINE MONTHS ENDED DECEMBER 31 2024 - (UNAUDITED)
3rd Qurarterly Report 2024
NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS
FOR THE NINE MONTHS ENDED DECEMBER 31 2024 - (UNAUDITED)
3rd Qurarterly Report 2024
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