Karachi, Hinopak Motors Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on November 29, 2022.
The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2022 which portrayed a loss of Rs. 48,633 with loss per share 1.96 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
“Hinopak Motors Limited is incorporated in Pakistan as a public limited Company. The Company’s principal activity is the assembly, progressive manufacturing and sale of Hino buses and trucks. The company is a subsidiary of Hino Motors Limited Japan and the ultimate parent company is Toyota Motors Corporation Japan.
Hinopak Motors Limited assembles, manufactures and markets Hino diesel trucks and buses in Pakistan. With over 75,000 vehicles on road, Hinopak has gained reflective market share making the largest manufacturer in medium and heavy-duty vehicles in Pakistan.
The total number of shares of the Company are 24,801,120. The Earnings per shares of the Company is (13.37) in 2021 and it was (165.71) in 2020. The Company had a loss of Rs. 288,294,000 in 2021 which was 2,054,976,000 in 2020.”