Indus Motor Company Profit Drops by 39% Despite Investments In High-return Schemes
The assembler of Toyota vehicles in Pakistan, Indus Motor Company (IMC), announced a 39% decline in net profit for the current financial year that ended on June 30, 2023. The company believes diminishing demand of four-wheelers, rupee devaluation and skyrocketing cost of car financing are responsible for the decline in profit. The company’s profit after […]