Earnings Report /

Pakistan Autos: Jun 2022 result previews – New taxes to further dent earnings

  • For Jun’22 results, we expect IMS Auto Universe to post combined net profit of PKR1.4bn, down c.75% YoY

  • The sharp decline in profitability will likely be owed to sequentially trimmed margins and budgetary measures

  • We remain Marketweight on the Automobile sector with a preference of INDU as our top pick

Abdul Ghani Mianoor
Intermarket Securities
21 July 2022


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