Ghandhara Nissan Limited Reports Standalone and Consolidated Earnings Results for the First Quarter Ended September 30, 2018
October 24, 2018 at 01:23 pm IST
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Ghandhara Nissan Limited reported standalone and consolidated earnings results for the first quarter ended September 30, 2018. For the quarter, on standalone basis, the company revenue of PKR 631,029,000 against PKR 527,521,000 a year ago. Profit from operations was PKR 126,101,000 against PKR 139,358,000 a year ago. Profit after taxation was PKR 89,103,000 or PKR 1.56 per basic and diluted share against PKR 95,678,000 or PKR 1.93 per basic and diluted share a year ago.
For the quarter, on consolidated basis, the company reported revenue-net of PKR 1,783,984,000 against PKR 984,264,000 a year ago. Profit from operations was PKR 249,019,000 against PKR 205,786,000 a year ago. Profit attributable to shareholders of the holdings of the company was PKR 193,280,000 or PKR 3.39 per basic and diluted share against PKR 182,637,000 or PKR 3.69 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.