Indus Motor achieves Record Six Monthly Sales - Feb 6, 2007 The Board of Directors meeting of Indus Motor Company was held on February 6, 2007 to review the company’s performance for the six months ending December 31, 2006. Indus Motor has achieved impressive results with record production, sales and profit after tax. The company’s combined production of Toyota and Daihatsu brands for the six months was 22,489 units, an increase of 19% over 18,900 units while sales revenue increased to Rs. 18.4 billion, up 12% over Rs. 16.4 billion for the same period last year. The after tax profit increased to Rs 1.3 billion, compared to Rs 1.1 billion for the half year 2005, primarily due to increase in sales volume. The Board of Directors in their meeting have declared an interim dividend @ 50% or Rs 5 for the half year ended December 2006. In a press statement, the company acknowledged the Government’s consultative process with stakeholders to finalize the long term auto policy, which was recently approved by the ECC. The new policy should help reduce uncertainty and enable future investment and expansion plans to be firmed up thus paving way for continued transfer of technology, development of human resources, increased employment opportunities and provide for greater competitiveness and contribution to the nation’s economic growth on sustainable basis. The company further emphasized that due to increased capacity by local auto manufacturers, the gap between demand and domestic car production has been eliminated. It is imperative that the used cars import policy is now changed so that there is increased self reliance and indigenization, facilitating our auto industry’s integration into the global supply chain. It is in the national interest and in the interest of our industry and our consumers that the domestic market demand be met through domestic products. The company, as a good corporate citizen, continues to contribute towards social causes with its slogan, “Concern Beyond Cars”. In recognition of this effort, the Company was recently presented the Pakistan Corporate Philanthropy Award for 2004 by the Pakistan Centre for Philanthropy (PCP).