Hinopak Motors has posted Rs 1.119 billion as profit after tax in the year ended March 31, 2017 as compared to Rs 1.113 billion earned in the corresponding period in 2016. The company's earning per share increased to Rs 90.31 in the period under review against Rs 89.78 in the same period a year back.

The board of directors of the company in its meeting held on Friday recommended a final cash dividend of Rs 67.73 per share ie 677.30 percent for the year. According to the financial results, the company's sales increased to Rs 22.477 billion in this period against Rs 18.086 billion in the same period in 2016 while the cost of sales also increased to Rs 20.011 billion against Rs 15.324 billion. The company's profit before tax stood at Rs 1.696 billion in this period against Rs 1.727 billion in the same period in 2016.

Copyright Business Recorder, 2017