Hinopak Motors Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was PKR 1,914.95 million compared to PKR 2,861 million a year ago. Net income was PKR 1.64 million compared to net loss of PKR 48.63 million a year ago. Basic earnings per share from continuing operations was PKR 0.07 compared to basic loss per share from continuing operations of PKR 1.96 a year ago. Diluted earnings per share from continuing operations was PKR 0.07 compared to diluted loss per share from continuing operations of PKR 1.96 a year ago.
For the six months, sales was PKR 3,781.07 million compared to PKR 5,844.02 million a year ago. Net loss was PKR 103.94 million compared to net income of PKR 3.06 million a year ago. Basic loss per share from continuing operations was PKR 4.19 compared to basic earnings per share from continuing operations of PKR 0.12 a year ago. Diluted loss per share from continuing operations was PKR 4.19 compared to diluted earnings per share from continuing operations of PKR 0.12 a year ago.