Indus profit declines 16pc

Karachi, August 27, 2019: Indus Motor Company Limited (IMC) posted 16 percent YoY decline in its 4QFY19 earnings, reporting EPS of Rs43.9 which is above our expectations mainly due to lower effective tax rate charged in 4QFY19. Company has also declared DPS of Rs27.50/share in addition to DPS of PKR87.50/share already paid during the year,…

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