IMC announces 50pc dividend

KARACHI: Indus Motors Company (IMC)) has posted a lower profit after tax of Rs907.758 million during the half year ending December 31, 2010 and declared an interim cash dividend of Rs5 per share.

According to the results despatched to Karachi Stock Exchange (KSE) here Tuesday, pre-tax profit of the company has declined to Rs1.429 billion against Rs2.102 billion in 2009.

Similarly, as earning per share also dropped to Rs11.55 compared to Rs 17.38 same period last year.

However, net sales jumped to Rs26.828 billion during the period under review as against Rs24.079 billion same period last year.