Pak Suzuki’s Half-Year Loss: Rs. 9.6 Billion Due to Sales Decline

Pak Suzuki Motor Company Limited, a leading automobile manufacturer in Pakistan, has encountered significant financial difficulties in the initial six months of 2023. The company reported a substantial loss of around Rs9.68 billion due to decreased car sales caused by import restrictions and reduced consumer demand.

This financial setback is notably larger than the minor loss of Rs17.238 million experienced last year. Consequently, the company has not issued dividends to shareholders for this period. The per-share loss has increased significantly to Rs117.58, in contrast to the mere Re0.21 loss reported last year.

Despite these challenges, the company managed to generate a modest profit of Rs3.238 billion in the latter part of the assessed period, until June 30. This was attributed to higher profit margins on car sales and increased revenue from financing activities.