IMC announces 80 percent dividend

KARACHI: Indus Motors Company (IMC)) has posted a higher profit after tax of Rs 1.766 billion during the half year ending December 31, 2011 and declared a cash dividend of Rs 8 per share.

According to the results despatched to Karachi Stock Exchange (KSE) here Wednesday, pre-tax profit of the company has surged to Rs 2.604 billion against Rs 1.429 billion in 2010.

Similarly, as earning per share also improved to Rs 22.48 compared to Rs 11.55 last year.

Company's net sales jumped to Rs 32.999 billion during the period under review as against Rs 26.828 billion same period last year.