Dewan Farooque Motors Posts Rs 12 Million Loss for FY 2017

Dewan Farooque Motors Limited (DFML) has posted a loss after taxation of Rs 12.36 million for the year ended June 30,17, compared with a loss of Rs 43 million in the same period of the previous year, according to a company notice sent to the Pakistan Stock Exchange (PSX) on Monday.

The loss minimized to 71.28% as compared to last year’s loss of the company.

Loss per share (LPS) amounted to Rs 0.10 from an LPS of Rs 0.40 in the period.

Its share price increased 2.01%, or Rs 0.74, and currently trading at Rs 37.55 with a volume of 2.33 million shares.

No bonus shares, right shares and no cash dividends were announced by the company.

The cost of sales remained significantly higher than sales proceeds.

Dewan Farooque Motors Limited assembles, manufactures, and sells Hyundai and KIA vehicles in Pakistan. The company was incorporated in 1998 and is headquartered in Karachi, Pakistan.

Dewan Farooque Motors Limited is a Yousaf Dewan Motors company which owns and manages a host of listed, unlisted and private companies.

YDC’s maintains strategic relationships with renowned international giants that include: BMW Group of Germany, Mitsubishi Corporation and Mitsubishi Motors of Japan and Korean Chemical Company.

  • lol, they didn’t introduced anything new and still on loss. seems like keeping old inventory wasn’t a good idea after all.

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