Pak Suzuki Motor Company Limited (PSMC): 3QCY20 LPS clocked – in at PKR 1.66 (LAT PKR 136Mn) – By Taurus Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Pak Suzuki Motor Company Limited (PSMC) has announced its 3QCY20 results, wherein, it posted a LAT of PKR 136Mn (LPS: PKR 1.7) in 3QCY20 (88%YoY/91%MoM lower loss), mostly in-line with our expectations except finance cost which decreased less than our anticipations.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In 3QCY20, revenue decreased 12%YoY despite the increase in selling prices, due to lower volumetric sales, which were down 24%YoY, effected by decline in the demand for Alto mainly.</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">However, gross margin has increased YoY from --0.9% in 3QCY19 to 5.2% in 3QCY20, supported by increase in selling prices.</span></li></ul>...