Pak Suzuki Motor Company is likely to post profit in 3QCY21

Pak Suzuki Motor Company Limited (PSMC) is estimated to post a profit after tax of Rs793mn (EPS PKR9.63) in 3QCY21, as compared to a net loss of PKR137mn (LPS: PKR 1.66) in the SPLY. The massive increase in profits can be associated with healthy growth in unit sales up by 120%YoY to 38.4k amid the reopening of economic activities and lower consumer financing rates.

An increase in economic activities, low-interest rates, and government incentives in the shape of reducing taxes to keep the demand intact.

Courtesy – ‘Spectrum Research

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