Pak Suzuki Motor Company (PSMC): PSMC reports it largest LPS of Rs18.49 in 2QCY20 – By JS Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Pak Suzuki Motor Company (PSMC) announced 1HCY20 results today, with yet another staggering net loss, amounting to Rs2,462mn (LPS Rs29.92), compared to a net loss of Rs1,525mn (LPS: Rs18.53) in the same period last year. On a quarterly basis, 2QCY20 was by far the worst for the company financially, with LPS of Rs18.49, vs. LPS of Rs6.62 in SPLY and LPS of Rs11.44 in 1QCY20. And this was largely expected, given zero production/sales in one month and low volumes in the other two.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">This makes it seven losses on the trot for the troubled automaker, which has been facing severe pressure on both volumes and margins ever since the devaluation spree began, despite numerous ...