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Ghandara Nissan

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Company Performance 2008
Operational Performance:
Nissan Diesel PKD series have been the Company's main strength. A new model PKD-411E Euro1 Turbo Charged, 220 HP 4x2 Truck Tractor has been introduced, which has been well received in the market.
The overall sale volume of Trucks and Buses has increased from 919 to 1,121 units which is 22% higher than the preceding year.
The Company is also planning to introduce CWM-454 - 320-HP Turbo charged 6x4 Truck with inter-cooler Euro-II engine to meet the customers' requirement, this segment is growing, and will help to increase the sales volume and revenue. During the year the Company sold 451 units as against 393 units last year of Passenger Cars and SUVs in CBU condition. The Company imported Nissan Passenger Cars and SUVs on a limited scale. Models which do not fall under the CKD assembly plan will continue to be imported. Under the Contract Assembly Agreements, the Company produced 2,591 units of Land Rover, Chevrolet, Isuzu and Kamaz as against 2,838 units last year.
Financial Performance:
The financial results of the company for the year ended 30th June 2008 shows that the Net Profit after tax has been Rs.178 million as against Rs.187 million last year. The decline in profit is mainly due to unfavorable exchange rate, despite the fact that sales were higher. Also the Earnings per share also show a decline to Rs.3.96 as against Rs.4.16
HR & Remuneration Performance:
The Board in its meeting has approved the managerial remuneration of Mr. Ahmed Kuli Khan Khattak - Chief Executive Officer (CEO) of the Company effective 1st July 2008 at Rs.750,000 per month. In addition, the Company shall provide transportation, security, club expenses, telephone and medical expenses at actuals. He shall also be entitled to receive other benefits as per Company's policy applicable to all management employees.
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