KARACHI: Pak Suzuki Motors Company has posted a profit after tax of Rs 624 million for the year 2008 and declared a final cash dividend of Re 1 per share. According to the financial results dispatched to Karachi Stock Exchange here Wednesday, pre-tax profits of the company fell to Rs 992 million during the year ending December 31, 2008 as compared to Rs 4.281 billion in 2007. The earning per share in 2008 also declined to Rs 7.59 as compared with Rs 33.71 in the last year.
By Abdul Qadir Qureshi (Pakistan News and Features Services) Way is paved for assembling and later gradual manufacturing of electric cars and bikes in Pakistan with the launching of electric cars by the Dewan Motors Limited (DML), a reputed name in the automobile sector, at a glorious launch ceremony at the Convention Centre of DHA Golf Club on June 4. The Chairman of Senate, Syed Yusuf Raza Gilani, also a former Prime Minister, was the guest of honour as hundreds of participants from various walks of life celebrated another remarkable achievement by Pakistan. Speaking on the occasion, he acknowledged and applauded the ground breaking initiative undertaken by the Yousuf Dewan Companies (YDC) in the automotive sector. “The establishment of a state-of-the-art vehicle assembly plant equipped with cutting-edge robotics technology, signifies the strength and capabilities of the company,” he remarked. He was confident that, based on its reputation and tra...
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