KARACHI: The Board of Directors of Indus Motor Company Limited met on Monday to review company's financial and operating performance for the third quarter ended March 2012.

As per the statement issued, during the third quarter combined sales of Toyota and Daihatsu brands (CKD & CBU) for the quarter ended March 2012 stood at 15,002 units, compared to 15,084 units sold in similar period last year.

Correspondingly the production has increased by 4.7 percent to 15,677 units as against 14,969 units produced in the same period, says a statement issued here on Monday.

It said that on year to date basis, combined sales of Toyota and Daihatsu brands (CKD & CBU) grew 3.6 percent only to 39,343 units compared to 37,987 units for 2011.

The company's combined sales revenue, for the nine months ended March 2012, of the CKD, CBU and Parts business stood at Rs. 53.9 billion.

Continuous efforts at improving operational efficiencies and partial pass through of risings costs enabled the Company to achieve profit after tax of Rs 2.9 billion as compared to Rs. 1.6 billion posted for the same period last year.

Commenting on quarterly performance and future outlook, spokesperson said that: "The past quarter performance was robust and we expect demand for our products in market to remain strong in view the customers preference for our range of Toyota products and services."