KARACHI: The board of directors of the Indus Motor Company (IMC) proposed a final dividend of Rs40 per share making the total payment of Rs100 per share compared to Rs80 paid to the shareholders last year.

The board met to review the company’s financial and operating performance for the year ended June 30, 2016.

The company’s gross sales went up by 13 per cent to Rs131 billion from to Rs116bn for FY2014-15, while after-tax profit grew 26pc to Rs.11.5bn from Rs 9.1bn last year. The IMC attributed increase in earnings to an additional sales volume of 7,197 units, improvement in operational efficiencies and tighter control over fixed costs.

Combined sales of Toyota’s completely knocked down and completely built-up vehicles grew by 13pc to 64,584 units as compared to 57,387 units last year.

Published in Dawn, August 27th, 2016