FINANCIAL PERFORMANCE
The battery industry in Pakistan is divided into two major segments – organized and unorganized. The unorganized sector comprises replators and importers of under invoiced batteries. The organized sector is meeting about 90 % of the demand and the rest is met by the unorganized sector and imports.
The rise in raw material cost, increase in energy prices and depreciation of the Pak Rupee, pushed the cost to higher side. Despite all these difficulties, company generated good operating results.
During the period from July 2007 to June 2008, sales of locally cars declined by 8.9 % to 164,650 units from 180,834 units during the same period last year. LCVs and pickups sales went down by the same percentage during the same period. This was a temporary set back and the industry is bound to grow with passage of time.
The rise in raw material cost, increase in energy prices and depreciation of the Pak Rupee, pushed the cost to higher side. Despite all these difficulties, company generated good operating results.
During the period from July 2007 to June 2008, sales of locally cars declined by 8.9 % to 164,650 units from 180,834 units during the same period last year. LCVs and pickups sales went down by the same percentage during the same period. This was a temporary set back and the industry is bound to grow with passage of time.