Pak Suzuki Profit Rises by 38% Backed by Wagon R & Cultus Sales – Research Snipers

Pak Suzuki Profit Rises by 38% Backed by Wagon R & Cultus Sales

One of the leading automaker company of Pakistan, Pak Suzuki Motor Company (PSMC) announced a record net profit of Rs 3.82 billion for the year ending on 31st December 2017. Compared to last year the profit has gone up by 38% as in 2016 same time period the profit was Rs 2.77 billion.

Earnings per share (EPS) were Rs 33.69 last year and increased to Rs 46.49 in 2017.

A final cash dividend was also announced by Pak Suzuki of Rs 18.60 per share.

In 2016 the sales were Rs 76.51 billion while in 2017 the sales reached Rs 101.81 billion. An increase of 33.07% was seen.

Sales of Wagon-R and Cultus increased by 84.24% on year to year basis. Also, the increase in car prices resulted in higher revenue for Pak Suzuki in 2017.

Gross profit was Rs 7.34 billion in 2016, it increased to Rs 9.65 billion in 2017.

Let us look at the car units sold by Pak Suzuki Motors in 2016 and 2017 and their respective difference

Suzuki Swift

  • CY 16 Units: 4143
  • CY 17 Units: 4245
  • Difference: 2.46%

Suzuki Cultus

  • CY 16 Units: 16,450
  • CY 17 Units: 17,006
  • Difference: 3.38%

Suzuki Wagon R

  • CY 16 Units: 9709
  • CY 17 Units: 17,671
  • Difference: 82.01%

Suzuki Mehran

  • CY 16 Units: 37,504
  • CY 17 Units: 37,933
  • Difference: 1.14%

Suzuki Bolan

  • CY 16 Units: 30,154
  • CY 17 Units: 19,245
  • Difference: -36.18%

Suzuki Ravi

  • CY 16 Units: 29,825
  • CY 17 Units: 17,944
  • Difference: -38.73%

Suzuki Two-Wheeler

  • CY 16 Units: 17456
  • CY 17 Units: 18478
  • Difference: 5.85%

Total Sales

  • CY 16 Units: 145241
  • CY 17 Units: 132522
  • Difference: -8.76%
Read also: Pak Suzuki temporarily halts Wagon R bookings

There was a decline seen in the sales of Suzuki Bolan and Suzuki Ravi while the sales of Suzuki Wagon R saw a huge increase.

A couple of weeks ago Pak Suzuki revised its car prices and increased it again the second time in three months.