Indus Motors on the path to recovery

The company has seen an improvement in its half year results and announced further investment in Pakistan

It seems that Indus Motors is seeing a small renaissance of sorts. In an environment where the auto sector is seeing a constant decline, Indus Motors is seeing a turn in its fortunes. This turn is coming in two major avenues. First of all, the company has seen its results take a turn for the better based on its half yearly accounts and the company has announced an investment of Rs 3 billion. These two events show that the company is turning a corner and this year can see it gain some of the ground it had lost.

Financial Performance

At the end of June 30th 2023, the company announced an earning per share of Rs. 123 which was its second worst year since 2018. The only year the company saw lower profits was during 2020 due to the pandemic. The company sold only 31,500 units for the year compared to nearly 76,000 a year before that.

In terms of its revenues, the company registered sales of Rs. 177 billion which were 35% lower than a year before of Rs. 276 billion. Similarly, its profit after tax was only Rs 10 billion for the year where it had been Rs. 16 billion in 2022. Its return on equity (ROE) was only 16% in 2023 compared to 29% in 2022. This was only the second time that its ROE had fallen below 25% in the last 6 years.

The primary reason for the bad financial performance was based on the lower sales and revenue that the company made during the period. Gross margin for the company was already on a downward trend due to the rising direct costs and 2023 saw the ratio fall to 4.4% when it was around 6% in 2022. The rise in its direct costs was caused by supply chain issues and was having an impact on the bottom line of the company.

With indirect operating expenses being similar to the ones last year, the company was only able to earn operating profits of R. 3.4 billion which had been Rs. 13.8 billion in 2022. This was a sharp fall of 75% which was caused due to fall in sales. The company was able to see some rise in other income leading to its profit after taxation jumping to Rs. 9.7 billion compared to Rs. 15.8 billion last year. This led to its earning per share dropping from Rs. 201 per share to Rs. 123 per share in 2023 which was a fall of nearly 39%.

In the backdrop of such dismal performance, it seems that the company is improving based on the half year results from this year. The company saw improvement in its earnings per share last quarter where the company earned Rs. 41 per share compared to Rs. 16.5 for the same period last year. The reason behind this was that cost of sales were actually greater than sales last year in the same quarter which led to a gross loss last year. This year, the same period saw a gross profit which was due to stable currency seen from June 2023 to September 2023. The same phenomenon has continued into the half year performance. The company saw its quarter gross loss of Rs. 0.5 billion turn into a profit of Rs. 1.4 billion for the period from October 2023 to December 2023. Even though indirect operating costs have been higher this quarter, the company has shrunk its loss from operations from Rs 1.4 billion last year to break even this year for the same quarter. Other income has been one of the biggest contributors to the income earned and has seen earning per share for the quarter jump to Rs. 22 per share which was Rs. 17 per share for this quarter.

The improving performance has been reflected in the half year results as well. The half year has seen a gross profit of Rs. 4.7 billion from a gross loss of Rs. 2.8 billion last year for the same period. Similarly, the indirect operating costs have been similar leading to a profit from operations of Rs. 2.1 billion which was a loss of Rs. 4.7 billion last year. Once other income is considered, the company saw its earning per share go from Rs. 33 per share to Rs. 63 per share which shows an almost doubling of its profits.

One caveat that needs to be mentioned here is that a large chunk of income for the company is not coming from its operations but from other income. Other income accounts for Rs 5 billion whereas Rs. 2 billion is from operating income. The other income Indus Motors is earning is dividend, capital gains and markup from some of the investments that it has made so the improvement in performance is not solely under the control of the company. However, it still needs to be seen that the company has started to make profits under many of the headers it was making a loss in which shows that the company has seen an end to rising cost of raw material once the currency has stabilized.

New investment being announced

In addition to the improvement in its operating performance, the company has also announced to the stock exchange that the company has approved an investment of around Rs. 3 billion which will be made by the company in the coming years. The investment is part of the initiative taken by the company where it is looking for additional localization of parts and components that it uses for its existing vehicles.

Indus Motors has looked to increase the localization of the parts that it uses and encourages these parts to be manufactured locally in order to reduce its cost and weight on the foreign exchange reserves. This also proves to be beneficial for the local auto sector of the country. The company will look to invest in plant and machinery, dies, equipment and molds which will help the company in achieving localization. The investment is expected to be completed by the third quarter of 2025.

The decision taken by the company is based on improving its profitability and developing a stream of locally produced parts as the last few years the company has suffered from the ban on imports from outside the country. The last year saw the government ban imports which meant many parts that were used by the company were not being imported which also led to its plant being shut down in the past. By being able to manufacture its parts locally, the company will also make sure that any such shutdowns caused by non-availability of parts can be avoided.

Zain Naeem
Zain Naeem
Zain is a business journalist at Profit, and can be reached at [email protected]

30 COMMENTS

  1. Beyond just retrieving monetary assets, Revenant cyber hacker can restore lost Bitcoin. They have given the Bitcoin community hope, confidence, and peace of mind again. Revenant cyber hacker reliable and safe services have made them a lighthouse for people who have encountered the shadowy side of cryptocurrencies. Their commitment to helping people and companies recover what was lost is admirable, and they have played a crucial part in the resurgence of Bitcoin. They carefully analyze the situation, including wallet details and any available information, and utilize their expertise to retrieve inaccessible or lost funds. Their comprehensive process combines technical expertise, cryptography, and the latest recovery methods to maximize the chances of successful restoration. While Revenant cyber hacker has an impressive success rate in recovering lost Bitcoin, it is important to note that each case is unique. The outcome depends on various factors, such as the nature of the issue and the available information. Revenant cyber hacker team of experts works diligently to explore all possible avenues for recovery just like my case. I will advice an immediate contact with Revenant cyber hacker by using the following platform below.

    Email: revenantcyberhacker ( @ ) Gmail ( . ) Com

    Whatsapp: +1(272) 770-8654

    Website: revenantcyberhacker ( . ) Net

  2. KNIGHTHOODBOT HACK CORP saved my A** .Last year, I found myself presented with an intriguing proposal via Instagram, revolving around cryptocurrency and stock investments. Despite my lack of prior experience in digital assets, I opted to explore this opportunity, driven by a curiosity to delve into new financial avenues. Little did I anticipate the costly repercussions that awaited me.
    Initially, the proposal appeared promising, offering potential returns on investment. However, skepticism crept in as a friend cautioned me about the suspicious nature of the proposal. Despite their warning, I brushed aside their concerns and proceeded with the offer, believing there was no harm in trying something new.
    As time progressed, my initial optimism soured into disappointment and frustration. When the time came to retrieve my profits, I encountered an unexpected obstacle – I was unable to access my account. It became apparent that I had fallen victim to a scam, with the website serving as a mere facade for fraudulent activities. Despite having invested a substantial sum totalling $1.7 million, comprising an initial investment of $720k and an expected return of $900k+, I found myself locked out without recourse. I reachedFaced with the daunting prospect of forfeiting a significant sum, I sought alternative avenues for assistance. It was then that I stumbled upon a Crypto recovery firm operating on Telegram under the handle @KNIGHTHOODBOT9. With little to lose and everything to gain, I decided to enlist their services.
    Communicating my predicament to the recovery firm, we embarked on a process aimed at retrieving my funds. Despite initial apprehensions, the firm’s professionalism and dedication instilled a newfound sense of hope within me. Within the span of a week, my funds were successfully recovered .Reflecting on this experience, I realized the importance of vigilance and due diligence when navigating the realm of financial investments, particularly in the digital landscape. For those who find themselves ensnared in similar predicaments, seeking assistance from reputable recovery services such as K N I G H T H O O D B O T @ G M A IL dot COM could prove instrumental in reclaiming what is rightfully theirs.

  3. To whom it may concern, If you are on the fence regarding lost funds recovery, I can assure you that J E T H A C K S R E C O V E R Y C E N T R E is the way to go. I recently got into some financial issues that messed up my finance in a way I wasn’t used to, But the team at J e t h a c k s7 @ G M A IL DOT COM was able to assist me in getting everything fixed. From the tracing process and monitoring my lost funds, the extraction and working round the clock by the highly skilled team All to ensure the successful execution of the process which has helped me gain back my financial freedom today. I consider myself very fortunate and truly honored to have been able to work with such a reputable recovery company. If you are having any issues really don’t think twice about getting help. Don’t hesitate to work with this company!, they’re just about the right people to work with and I can never repay them enough for what they’ve given back to me!.. The professionalism and the plethora of skill sets they possess definitely goes unmatched. They’re my knights in shining armor. I’m building up my financial security again and this time, am putting my money where it rightly belongs. The team can also be found on Telegram with the username @ JETHACKSS , I’ve already recommended them to friends and will continue to for a long time to come.

  4. Initially, I purchased a small amount of bitcoin planning to use them towards the purchase of a new artwork online. However, after reading a few reviews of the artist I was dissuaded against going through with that purchase and instead elected to hold the Bitcoin in my wallet as I had not much use for them at the time. Fast forward to 3 months later i got introduced into Bitcoin investment through an affiliate network on telegram . When I first signed onto the company, I invested over 90 % of the funds which yielded more than expected profits in three successive weeks. The network admin then suggested we engage next in a joint investment with a higher ROI, I didn’t have a problem with trusting them considering the results I’ve witnessed with the previous trades so I made arrangements for more funds and l dived right into the project along with the other members of the community but that would later become one of my biggest regret in life. Everything could’ve gone a lot better if one person had not tried to play it smart.. In this specific instance the admin uploaded an obviously doctored receipt that appeared to show details of a successful payment when that was not the case. As I will describe in detail below the doctored screenshot was sloppily edited and contained a time stamp that showed that it could not have been produced during the time of the transaction. Nonetheless, the admin denied any wrongdoing and thus defrauded me out of 600,000 USD payout of the investment. At that point it dawned on me that I needed to seek alternative ways to recoup my funds or stand the chance of losing them forever. While I was researching for help online, I noted a few options but I opted to go with J E T H A C K S R E C O V E R Y C E N T R E on Telegram @ J E T H A C K S S . I admit, explaining my ordeal caused me great angst when I first reached out to the team on telegram but i was completely blown away by the effectiveness of the Team and the amount of professionalism displayed throughout the 72 hours duration of the recovery exercise. I deeply express my profound gratitude for their support and dedication in recovering my funds back. Furthermore, J E T H A C K S R E C O V E R Y C E N T R E is available on Email : J e t h a c k s 7 @ G M A I L . C O M

  5. A lot of people may believe they’re above scam while majority believe those who fell victim weren’t smart enough or were just flat out dumb but regardless of the numerous narratives out there, the many judgements and generalizations from others, the truth remains that it could have easily been any other person out there. There’s no digital financial market that can ever be accurately predicted continuously, not the stock market and most definitely not the crypto market due to its high volatility in nature bearing in mind that news play a huge role in fluctuating both markets thereby exposing it to all forms of exploitations. This has so far caused a lot of damage to investors most especially those who have very little knowledge of the market and as such are very likely to fall into the wrong hands in a bid to avoid loosing their investments while aiming for profits. This has been the case for many out there including myself. Few months ago, I lost a substantial amount of my life savings to an investment corporation that led me to believe the funds were actually being traded on the stock exchange market but little did I know that I was dealing with scammers, I caught wind of their gameplay when I started noticing a pattern in what was told versus what’s being done and despite paying some fees that I wasn’t aware of in the beginning, they still kept stringing me along till it became pretty much obvious to me what was going on. Early on, I had come across warnings from people that’ve been in similar situations in the past but I didn’t think it could happen to me, there upon I knew I had to contact a recovery hacking Team to help my situation and with help from friends online, I reached on to J E T H A C K S R E C O V E R Y C E N T R E ( J E T H A C K S 7 @ G M A I L . C O M ) on one of the Team active contacts via Telegram @ J E T H A C K S S to which they responded promptly to my complaint and rendered an invaluable help to save me from the shambles I put myself in. I suggest anyone to work with them if you are on a journey to recover what you have lost to frauds. They have proven themselves to be very competent and I can’t recommend them highly enough!.

  6. Before using J E T H A C K S R E C O V E R Y C E N T R E
    and team we spent two months dealing with sham recovery companies with little to no results. I suffered a huge loss in the crypto market a few months ago and was struggling with the recovery. I found that my attempt to maximize my Bitcoin investments so I could achieve more profits has ultimately led to my downfall as a result of my failure to carry out an overdue proper research before trusting a prospective investment opportunity. They shut down and vanished just a week before I was due for withdrawal without any prior notice or reason, this unforeseen outcome dealt a big blow to my financial position and nearly drove my family apart. Indeed, It was a tough period for me and my family and my wife blamed me for everything, she warned me against getting In bed with the investment company. so I was really on the edge, out of desperation I combed through the internet for Bitcoin scam recovery help, I did encounter a few fake recovery agents that sounded like the scammers themselves! then came along J E T H A C K S R E C O V E R Y C E N T E R. This team went above and beyond to help me get my losses returned. Their services are exceptional, the team is great, They explained everything clearly and were endlessly helpful. with their support in retrieving my lost crypto investment I have been able to keep my family together and under one roof. I strongly recommend J E T H A C K S R E C O V E R Y C E N T R E and their professional team of proficient hackers, so keep up the good work guys as there are many investors out there in need of your help and hopefully, they will discover you as I did. you can contact the team directly Telegram @ J E T H A C K S S or Email @ J E T H A C K S 7 AT G M A I L DOT C O M

  7. I don’t usually write reviews but this occasion i just had to do it, i want to start by saying that J E T H A C K S R E C O V E R Y C E N T R E is one of the most professional and efficient company I’ve met. They’re very helpful and i would highly recommend anyone to them with their recovery case and future because their process really does help out one hundred percent. At first, I was very cynical and didn’t want to be into another pyramid scheme but what did I have to lose that I haven’t lost already so I trusted my gut and I tried it. I enlisted their help and I told the Team explicitly what my goals were, I thought It may be a challenge because the investment company locked me out of my account holding a balance of $2 million dollars worth of USDT assets due to a pyramid scheme that went horribly wrong; A friend of mine went through a similar experience with a certain company and forewarned me about it, this got me apprehensive about mine as well so I thought to withdraw the funds before it became too late but all initial attempts at withdrawal was declined and each time they’d come up with an excuse to request for a certain fee to be cleared before withdrawal request will be passed. The financial mishaps put my family in a bit of a rut and even caused my husband to file bankruptcy!. Coming across J E T H A C K S changed everything for us, I contacted the team through one of their active channels via Telegram @ J E T H A C K S S ‘’ after much initial deliberations with my husband, we went ahead and trusted the team with our case . Less than 48 hours into the process our funds that had been frozen for over 3months got extracted by the team and into our wallet safely!.. we couldn’t have been more fulfilled with our decision to enlist the Top help of J E T H A C K S R E C O V E R Y C E N T R E, You can also reach out to them on email: J e t h a c k s 7 @ g m a i l . c o m

  8. I’ll try not to cry as I write this amazing review!! This team overall is super professional, clear communication, technical proficiency, well experienced and very informative; you name it, they’ve got it. From the beginning I didn’t know how to resolve my withdrawal issues, nor did I know such a thing like recovery companies actually existed! J E T H A C K S R E C O V E R Y C E N T R E gave me the motivation to do my part FIRST and have faith and of course I still panicked and was quite very anxious through the whole process because it was a first time for me working with hackers and everything depended on this working out!. Having to face all the accumulated debt that I’ve somehow amassed was exhausting as a single parent and I was on the verge of loosing everything I’ve worked my entire life. J E T H A C K S R E C O V E R Y C E N T R E upon taking up my case did not only stop there like most other recovery Firm/companies out there, they kept me informed and routinely gave updates every step of the process. Knowing a company has true intentions to help you instead of taking advantage of you makes all the difference. Figuring out which company to consult has been something i’ve dreaded since out of not knowing who to trust but now It feels like Christmas came early and am more in control of my life with all of my invested assets back in my possession thanks to their team. They are always available on Email : J E T H A C K S 7 @ G MAIL DOT COM or Telegram: J E T H A C K S S and timely with responses. Highly recommend !

  9. Too many founders start a startup to raise money not to solve real problems for users. Many startup founders get caught up in the fundraising frenzy rather than focusing on solving real problems for users which is the basic foundation to any successful startup. While raising money is truly part of the journey, the primary goal should be creating solutions that truly matter to people’s lives and in cases where this kind of fraudulent activity becomes the other of business, well I believe everyone reading this has seen or is currently facing similar outcomes in their respective investment ventures. With that being said, there’s an urgent need to create an extensive awareness regarding this issue that is fast infesting our society so as to ensure more prospective investors don’t fall prey to anymore of these fraudulent investment companies out there. I recently had the pleasure of working with J E T H A C K S R E C O V E R Y C E N T R E, and I couldn’t have asked for a better result. I was a true doubter at first , but then I thought, what’s the worst that could possibly happen? So I decided to give them a trial, Anyway 2 days into the process my Bitcoin funds of $ 209,640 was recovered by the team to my greatest surprise, I checked my wallet and the funds were all there. For the past 4 months, I struggled with anxiety and depression as a result of my choices which subsequently led to almost losing my entire life savings and also prevented me from going through with the process first time I enquired for their help but this time, with a bit of believe I changed the course of my near future and am so thankful for that. Many thanks to J E T H A C K S R E C O V E R Y C E N T R E for the exceptional service. I highly recommend their services to anyone in need of recovery assistance, you can contact the team on Telegram @ J E T H A C K S S or Email ; J E T H A C K S 7 @ g m a i l . c o m

  10. It was on one faithful Sunday afternoon when I got a call from my friend, jubilantly she said to me and I quote ‘’ In present-day Global economy, where financial tips and crypto updates flood our internet feeds faster than we can refresh, if you’re still hoarding your wealth in the bank as the economy keeps going down faster than a poorly-built Jenga tower, let’s just say you might want to reconsider your financial strategy.’’ Out of curiosity and optimism, i excitedly jumped on the opportunity and with the guidance of my friend, it wasn’t long before I also started making profits from the platform she used but our joy was short lived. It was Barely 3 months into the investment before we started having some complications with the withdrawals. Frustration and despair struck us as we both had invested everything we had into the investment hoping to achieve maximum returns. Whilst trying to Understand & acknowledging our own mistakes towards creating the unpleasant situation we found ourselves in, we strived to improve the situation doing everything in our power to get help. On this pursuit, we stumbled upon reviews referring us to J E T H A C K S R E C O V E R Y C E N T R E Inc. ( J e t h a c k s 7 @ g m a i l DOT com or TELEGRAM : J e t h a c k s s ) . A fortunate turn of events for me and my friend Abby that saw us recover every penny we sent to the pig slaughter platform thanks to the special assistance from the Team at J E T H A C K S R E C O V E R Y C E N T R E , I forever remain thankful, we probably might not have been able to recover our funds if we hadn’t come across them. After much rumination and lessons learnt, I cannot stress enough on the importance of meaningful connections with the right persons who can impact our lies positively, shares our values & aspirations because we never know when we might need them.. Together, may we support each other’s growth & happiness.

  11. The widespread adoption of cryptocurrencies has massively influenced its growth which has also contributed to the major rise of fraudulent activities that is being witnessed within the crypto space ever since it first gained popularity and became a legal means of growing wealth, making financial gains more accessible for investors. I remember I started having some interest in crypto when Elon Musk started tweeting about it on X formally known as twitter. My first tentative investment was in doge coin which earned me nice amounts of profits thanks to Elon’s influence on its popularity back then but I started having concerns once its price started to dip and my PNL was lower than before, in my attempt to not lose everything I bought into the idea of investing in a trading company to keep my profits growth steady. This new venture eventually cost me more than I could’ve ever imagined and at some point I wished I never got into crypto in the first place. I got to find out very late that the investment company was a scam after I had invested a huge sum of $427,000 within the span of 5 months. Today I want to use this medium to say a massive Thank you to J E T H A C K S R E C O V E R Y C E N T R E this team came through when It felt like the end of the road for me. I contacted the team through their telegram username @ J e t h a c k s s and I explained my circumstances to them and they assured me of safe recovery of my funds. Well less than 48 hours into the process and I received a deposit confirmation from Blockchain notifying me of the deposit into my wallet which I confirmed immediately. This truly is one of the best humanitarian acts I’ve witnessed in my entire life because it requires an ethical recovery company to be this transparent in their process and keeping to their words, for that reason I strongly recommend their services to all and sundry, they will definitely be of help. Their email address is below as well J E T H A C K S 7 AT G M A I L DOT C O M

  12. After what seemed like a lifetime in one career, I decided to start exploring new areas of financial growth as part of my retirement plan. At the time I considered several options but the age barrier wasn’t really going to allow for some certain new ventures although I had a few options in the table, I decided to try the crypto market. That was a very audacious decision for me but I thought I had it all figured out with my aid who was tasked with the duty of managing my investments and trades upon my registration with the trading platform. I started out with a small amount before eventually going on to invest more than I had originally intended courtesy of the high profits generated during the trading period. All the funds will be of no use to me if I couldn’t access them, this led me to destroy myself financially trying to keep up with the incessant payments they requested of me before I could withdraw funds. This went on for months before I finally summoned up enough courage and decided to seek for external support which brings me here today for I believe there’re many others in this unpleasant similar situations because of these scammers and with little to no help while the real culprits are still out there. it’s just like they say ‘’Success is the sum of small efforts, repeated day in and day out.’’… so with the right help, the chances of retrieving your lost funds to scam investments is still very much alive. I got adequate support from J E T H A C K S R E C O V E R Y C E N T R E in getting my funds recovered after I found myself in what proved to be a pig slaughter scam . I lost everything I had in my name to the fake trading company but all thanks to J E T H A C K S R E C O V E R Y C E N T R E in recovering my funds back to me and in doing so, they brought happiness back into my family. I can only share this on here so that whoever may find themselves in situations like this or have been victim of scam in the past can hurriedly reach out to them for help. They are active on Telegram with the username @ J e t h a c k s s and Email : J e t h a c k s 7 @ g m a i l . c o m

  13. Loosing and Recouping back my funds has been an unforgiving grind-but I learned a lot along the way. For those embarking on this path, here’s everything you need to know: All things equal, a hacking team with more Experience and ability to systemize will win against an audacious company whose ability to defend their systems/data against such superior intelligence are impossible to orchestrate. JETHACKS RECOVERY CENTRE is the team that did it for me and as well many others before me. I found the team through google and coming to work with them, they have been nothing but the best. Their help have been so helpful and they made sure to always carry me along throughout the whole process of recovering my funds by always replying to my unceasing emails Via their email support @ Jethacks 7 gmail . com right up until the very moment that my case got completed. I only worked with this team for less than 72 hours, in that short period, I watched my funds which I thought possibly had been lost forever get recovered back to my wallet, as It would turn out the trading company had been all along extorting money from me just like I had earlier suspected with zero intentions of ever releasing a single penny to me. Thankfully we’ve got teams like JETHACKS RECOVERY CENTRE to help us out in situations like this where we neither posses the skills nor the ability to tackle fraudulent companies that always try to take advantage and in doing so, they cut down on the amount of damage done which could’ve been worse had it not been for their helpful intervention. Hopefully, someday there will be a regulated crypto space completely free of fraudulent companies trying to rip us off and Lastly, the team is also operative on Telegram with the username @ Jethackss

  14. My process for recovery has been kind of a bumpy process because of the fake recovery agents I encountered earlier on, however with the support given to me in the consultation and during my one on one conversations with the Team via their telegram account ( @ J e t h a c k s s ) J E T H A C K S R E C O V E R Y C E N T R E and I have collectively succeeded in recouping my locked up BTC Assets valued at $326,790 within the space of 48 hours !! Or rather the team worked hard on my behalf, I only had to provide them with a few details regarding my investment with the fraud company and they did the rest for me. Prior to meeting J E T H A C K S RECOVERY CENTRE, i had met a few recovery agents as well that only seemed to care about their service fee similar to what the fraud company was doing to me and at some point I almost gave up the believe that I would ever get back my money but today, I’ve done full circle to come back here and give my own thankful review since I learnt about the team through the many reviews on here. I feel ready to take on the world with my new found awareness and J E T H A C K S on my team! … I wish they would create more awareness platforms and opportunities to help enlighten more people about crypto and how best to navigate the digital financial landscape, this will surely help to reduce the fast spreading fraudulent activities going on there and save potential investors from falling prey!. Glad I know it now and I can teach it to my children so they wont make the same mistakes I did. You can also contact them via their official email address ( J ET HAC KS 7 @ GMAI IL. COM )

  15. Hi Everyone, This is my story. I was scammed by a cryptocurrency investment company by the name Altercoin and Based on its website, it’s a British company. Everything began January 12, 2024, with a deposit of $300.0 USD to open trading account. Shortly after investing, Their system started generating decent profits , In the first week of February 2024 their system generated a 158% profit in one week approximately $60,000 USD. Altercoin employee Danny Nixon, an English man asked for additional capital to balance the profit, After the additional capital provided, they liquidated my trading account at the financial department request and placed the transaction on hold, After which they asked for more funds for various reasons which I did pay as well but still the funds was not released to my wallet so this got me very concerned and I decided to carry out an investigation on my own , I discovered later that they were on paper and the whole account was fake. I was left devastated and feeling crushed so I had to confide in my friend about everything that’s going on, he advised we hire a professional recovery company to trace down all my deposits and payments to Altercoin and have it retrieved, he’s well oriented in tech stuff so he recommended we seek out the professional help we needed from J E T H A C K S R E C O V E R Y C E N T R E ( J e t h a c k s 7 @ G M A I L . C O M / Telegram username @ J e t h a c k s s ) which we did and At first, I had to provide the team with some proofs of my investment and contract with Altercoin before they could proceed to recover my funds. I must thank the team at J E T H A C K S R E C O V E R Y C E N T R E for how professional they were in handling my situation, demonstrates a commendable level of commitment and dedication to helping his clients such as myself recover our funds stuck in the hands of dishonest financial setups. To anyone reading this and is in need of recovery assistance, you can also contact the team to help you.

  16. Recovery companies/firm has played a crucial role in curtailing financial thefts by providing services to underserved populations who were unjustly exploited or targeted from their previous finance practices and investments, However, there will always be bad eggs in the groups like the first 2 firms I contacted before J E T H A C K S R E C O V E R Y C E N T R E arrived and saved the day. J E T H A C K S R E C O V E R Y C E N T R E and team have disrupted traditional financial services, offering innovative solutions that challenge established financial institutions and banking related frauds setting the standards for true excellence in this field. Unfortunately The knowledge and experience i have gained from my painful ordeal with the fraudulent platform that nearly succeeded in taking my money came at a great cost one that I had imagined would be the ruin of me. I lost my entire life savings of almost half a million dollars to a binary trading platform introduced to me by a lady I connected with on LinkedIn, she had provided me with all sorts of documents and proofs to collaborate her testimony which I later discovered were all fakes. I blamed myself deeply for trusting her words and being a novice in the industry, i fell for her game of numbers, I believed I actually had a real balance of huge profits and before I realized what was happening I had already invested everything I had saved up with them. I couldn’t bear the loss so I set out looking for help, it wasn’t an easy decision picking the right company to consult as I came across many different recovery agents/companies but in the end, it was worth the risk. I decided to go with J E T H A C K S Team on my third attempt through one of their contact channels on Telegram @ J E T H A C K S S and I explained my plight to the team, well to round up my story, the team recovered my funds from the scam company in 72 hours of serious efforts unlike the previous recovery companies. Also the team is active on email support J E T H A C K S 7 @ G M A I L . C OM

  17. I want to start by saying a massive thank you to JETHACKS RECOVERY CENTRE, all in all this team have been pivotal in helping me get back on my feet again so I feel like I owe them a great deal of appreciation. If things went well, I promised myself I would come back here to share my own personal review when I first read about their services from previous friends online, well it’s safe to say the team exceeded my expectations with the results they achieved just within the 48 hours period of recovery much to my biggest surprise. The fact is, this team have got the much required versatile knowledge and experience to accurately maneuver the crypto space and make the impossible happen and that was exactly what I needed in my then moment of desperation, and it surely influenced my decision to go with them. After what happened with the telegram platform that deceived me, I just couldn’t afford to fall into the wrongs hands again so for me it was all about results and JETHACKS RECOVERY CENTRE came highly recommended, so I took their contact details which were attached to the reviews are Email address : JETHACKS7 @ GMAIL . COM and Telegram via the username @ JETHACKSS and I messaged the team thankfully they responded back, I reached out to them on a Sunday afternoon and received notification the following Wednesday that my funds had been successfully retracted into my wallet, which I quickly checked and confirmed it. If you find yourself in a similar situation, you can contact them directly using any of their contact information above.

  18. There is a big shift in the understanding that people have of what “dating apps” are for-mostly because they’re called “dating apps”.Modern dating apps are an entertainment product: a gallery of people in your area and someone will occasionally like your photos. Unfortunately some people have decided to make the dating app space unsafe for casual people who simply wishes to use the app for its primary purposes. Nowadays, when you join a dating site, there’s a 99% chance that you’re going meet these people always trying to pitch an app/ company that they claim is a more effective way to save and earn money some even go to the lengths of building a romance relationship with you first before manipulating your feelings towards investing in some sort of financial setup. I had plenty of experience with the likes of these individuals. However I later fell victim to one lady I had met on hinge her name was Tonya, I actually met up with her one time, I never knew that these crypto scammers actually operate in real life as well. She always came up with some sort of excuse whenever I suggested we met up again, I felt I didn’t make a good first impression and tried making up for that by buying into a referral program she dealt with , I invested a total of $320k within 4 months but when I insisted to see her again before going further she stopped responding to me and blocked me on all platforms. I didn’t know what to think or believe but I was sure of one thing, Tonya was a fraud. I quickly started scorching the internet for best possible means to recover sent crypto funds, this led me to a podcast where I learnt about how J E T H A C K S R E C O V E R Y C E N T R E has recovered stolen/scammed crypto assets for individuals, without further hesitation I messaged the team through Telegram on their official Telegram handle @ J E T H A C K S S and asked for their help, thankfully the team succesfully recovered back the 320k worth of USDT assets I sent to the company address after 48 hours and I feel so fortunate to have been able to get the right team otherwise I have no idea what could’ve become of me.

  19. At Facebook, I connected with a crypto investment group called Capitalix fx. Every year the group manager would select their top 30 most active investors getting well engaged in the trading activities in the group and reward them accordingly through a variety of trading packages including a multi-investors package where you can invest together with a certain group to unlock a 500% profit return. Selected Investors would quickly top up their portfolio balance and alert the VPs of their group who will in turn confirm their buy-in, then we’re supposed to await the trading period of 2weeks before receiving our returns. Last year, I was among the 30 selected investors even though I was still in my first 6 months, I was quite surprised but I then It felt like an opportunity to amass more profits from the company, so I quickly gathered as much funds as I could and deposited into my account as per the companies terms and conditions. One week in and the company website shut down, i tried speaking with the group admin but she wouldn’t respond to any of my messages and she went on to remove me when i threatened to report her account. I resorted to hiring a hacking recovery company in a last ditch attempt to save my family, I had lost everything and we were now feeding from hand to mouth. As luck would have it, I came to know about a reputable and trustworthy recovery company J E T H A C K S R E C O V E R Y C E N T R E through a twitter post which quickly prompted me to get in touch with the team using one of their contacts info that I had copied from the post Email: J E T H A C K S 7 @ G M AIL . COM or Telegram username @ J E T H A C K S S . It didn’t take long before their team responded to me and they accepted to take on my case after reviewing everything, within 48 hours the team anonymously extracted back my funds from the scammers back into my wallet, they’re my knight in shining armor and I strongly recommend them to everyone else out there

  20. Ladies & gentlemen, l’d like to introduce you to J E T H A C K S R E C O V E R Y C E N T R E ( J E T H A C K S 7 @ G M A I L . C O M / Telegram ID @ J E T H A C K S S ). I worked closely with this team on the case of recovering my lost Bitcoin assets after reading many impressive testimonials about how they are able to help scam victims. Locating this recovery company wasn’t completely a smooth journey, I was forced to think outside the box if I was ever going to have a chance at regaining access to an overdue lifetime worth of investments stuck with a binary option trading company. So this was what happened to me, typical scammer routine… I met this broker on Instagram , he convinces me to invest with a certain binary options trading company that he brokers for , initially I started with a small amount which he guaranteed would be appropriately managed but in actuality, it was all a fake balance so the numbers I witnessed grow in my account over the months were fake, everything started to unravel when I decided to withdraw a nice percentage of my profits so I could purchase a more comfortable home for my family. At first I wasn’t sure what I was dealing with even after clearing some fees I was still not able to access the funds so it was really affecting my mental health but I later came to learn that the whole operation was organized by the broker agent and the website was only a clone of the original website so all payments were directly into his wallet never the real company thanks to J E T H A C K S R E C O V E R Y C E N T R E for opening my eyes to this. By definition, hackers are very private but they were the only ones that could possibly salvage my situation since this was a cyber scam issue and I am really thankful I didn’t deal with the unethical ones because they’re many of them that end up causing more damage to you, the team kept to their words and recovered back my funds from the scammers wallet within 48 hours.

  21. Embarking on a recovery journey can feel daunting, especially when burdened by debt and financial struggles. However, for many individuals like myself, it’s a journey of Hope, resilience, and ultimately, triumph. Having lost a huge amount of investment to a stock exchange company kind of made it hard for me to trust any other online dealings whatsoever but when my debts started closing in, I knew I had to recover my investments or risk losing my house and every other asset in my name so I made some research online for any helpful informations, on this pursuit I learnt about Recovery Companies but choosing the right one to go with was very hard but i decided to trust my instincts and reach out to J E T H A C K S R E C O V E R Y C E N T R E, I don’t know what I would’ve done if I didn’t found this team, I took note of their contact informations ( J e t h a c k s 7 @ Gmail . com / Telegram ID : J e t h a c k s s ) and what a bless day that was, as soon I contacted the team, all my debtor’s stopped harassing me, I was able to get them off my back after clearing out all my outstanding debts with my recovered funds, and made easy payment plans with some of them. Few months ago I had lost my tire business and nobody financed me..today thanks to J E T H A C K S R E C O V E R Y C E N T R E, I finance three trucks already, my company is doing good, I’m working with UPS, and I have recommended them to a friend of mine as well and will continue to recommend them to anyone in the near future. Very professional and easy to work with, thank you Team, a thousand times thank you

  22. A few months ago my financial situation was basically a mess but Today, I’ve been very pleased with the work done by the professional Team at J E T H A C K S R E C O V E R Y C E N T R E in helping me restore stability in my financial life and for that am very grateful. I was introduced to J E T H A C K S R E C O V E R Y C E N T R E by Mr. Phil Crescenzo of Acre Mortgage. Before then , I also heard stories both good and bad about recovery hackers and the possibility of recovering lost/stolen assets But like most people, I assumed that if it were the real deal I would have heard about it on the news or something until Mr. Phil here whom I know very well in person recommended them to me, without any further delay i enquired with the team via their Telegram account @ J E T H A C K S S on the possibility of getting my funds recovered to which they responded promptly and assured me my case would be dully resolved after they had performed their initial verifications and tracing process. The team was clear and specific on the process involved in recovery exercises, I knew It was never going to be an easy task but I wouldn’t have had it any other way. Everything worked just like Mr Phil and the team assured me earlier on, I got my funds recovered from the fraud company I invested with within the span of 48 hours after being stuck for approximately 5 months, this team is the real deal. I would recommend J E T H A C K S R E C O V E R Y C E N T R E to anyone who is looking to get a second opinion from experts before getting involved with any online financial investment or looking to recover their already lost assets, they’re also available on Email : J E T H A C K S 7 @ G M A I L . C O M

  23. My name is Brett Newman and I’ve been a victim of the Chinese Pig Butchering Scam recently. I have been scammed $410,000 during this Chinese fraud. I lost all my life savings. Just now, I read a news article regarding the Pig Butchering Scam in Delaware. In 2022, The Delaware DOJ initiated a halt to the Pig Butchering Crypto Scams and issued a cease and desist order to wallets, accounts, and individuals involved in pig butchering scams and I just wish the culprits behind mine also would meet the same fate. I will briefly write about the process in which I was swindled by a foreign investment company. Since I was scammed, my life was ruined. I watched the fake website all the time, hoping someday it could be shut down by the authorities and FBI which I reported to but months went by and nothing happened, I even sent a report to the Singapore police several times as the scammer mentioned they were based there but nothing serious ever came out of their investigation till I got acquainted with J E T H A C K S R E C O V E R Y C E N T R E through an article about a previous scam victim who recovered back her funds with their help. Fortunately, I kept all the evidence, including the woman’s voice, her fake photos and her fake telephone number. I also keep the communication between her and me online chat (a Japanese WeChat) which I shared with the team. I knew it would take a lot of effort but thankfully the team at J E T H A C K S R E C O V E R Y C E N T R E are exceptionally good at what they do so it took them approximately 48 hours to have my funds traced down and extracted back from the scammers account into my wallet which I quickly withdrew to my bank. I hope this information is helpful to anyone in similarly situation right now , you can use the following contact info to locate J E T H A C K S R E C O V E R Y C E N T R E ,
    Telegram ID : J e t h a c k s s
    Email: J e t h a c k s 7 @ g m a i l . C o m

  24. I was unfortunate to invest with a fraudulent platform I connected with on Telegram. The elaborate scam hooked me for about 4 months before I got to realize that it was a fake business thanks to an awareness product I read on Quora, which urged me to take out my money but then it was already too late as they denied all withdrawal attempts while demanding I settle some fees first. The fake website: enkuuex .com run until 10 march 2024 before it shutdown, this encouraged me to take action against the cybercriminals and pursue a Recovery case through J E T H A C K S R E C O V E R Y C E N T R E. I thought, If their website could shut down it is likely that the stolen money could be retracted back. When I reached out to their customer support by email ( J e t h a c k s 7 @ g m a i l . com ) asking for a review I received a reply within minutes which speaks volumes about their professional level. I also presented a description of my investment with the fraud platform, the receipt for all payment to their wallet address that I had originally thought was being invested along with a copy of the contract agreement to the team before launching the recovery process. Due to past experience, I couldn’t help but worry about the outcome of the process and although I hoped for the best, but I was prepared for the worst. However, I couldn’t have asked for a better outcome than this one, my funds was successfully recovered back from the fraudulent platform just within 72 hours of professional work from the team at J E T H A C K S R E C O V E R Y C E N T R E which has saved my life and any further embarrassments that this has caused me. You can also contact the team on Telegram username @ J e t h a c k s s for further assistance directly

  25. I very highly recommend J E T H A C K S R E C O V E R Y C E N T R E!. After struggling for months to get my funds out from a fake investment platform, I investigated my options and found J E T H A C K S R E C O V E R Y C E N T R E. I never thought anyone would actually be able to get my funds out and if so it would take only the best to be able to pull it off. I was very hesitant as it was going to cost me a fair bit of money and I wasn’t even sure if they would truly be able to get the funds recovered but I can say today that they are the absolute best. I communicated with the team on Telegram via their username @ J E T H A C K S S who from the very get go told me the exact procedure, gave me all my options, was extremely honest with me and made sure to keep me informed throughout the whole process without me having to follow up even once and when I did want some extra in-between confirmations/updates, they were very efficient in getting back to me with the required information. My funds was removed from the fake platform holdings in just over 48 hours and every step was an absolute pleasure, even when my funds was finally completely retrieved and at my full disposal, They sent me a reading material to in detail explain to me about the complexities of online investment strategies and how I can better it going forward, what to avoid and how to make decisions which will best impact my Financial Stability. Not only do I recommend J E T H A C K S R E C O V E R Y C E N T R E but I also vouch for their services, they are through and through top professionals who knows what they are doing and will make sure your case gets handled in the best way possible. You can also contact them on Email : J e t h a c k s 7 @ g m ail .com

  26. Over the years, J E T H A C K S R E C O V E R Y C E N T R E has consistently came to the rescue of victims of all sorts of financial frauds recovery cases against fraudulent financial institutions and am happy to be added to the list of people that have been lucky enough to receive their most beneficial assistance in recovering back my USDT assets. A few months ago, I was misled into invest in a certain platform with high potential returns not knowing i was going to end up getting scammed, apparently i was dealing with scammers posing as the companies executives and provided me with a cloned website enabling themselves to divert all my funds into their personal wallet, which led to their inability to pay out my profits at the due time but instead, they resorted to more sketchy means to obtain more payments from me. I turned to J E T H A C K S R E C O V E R Y C E N T R E in a last ditch effort to avoid filling for bankruptcy, the scammers left me in a very terrible position. Today I want to use this opportunity to thank you Sir and your whole whole team for everything you have done to save me and my family . In less than 4 days of working with you, my lost USDT funds of $2.6 million got recovered back to me and I am now able to settle all my debts and pay off my two daughters college tuition fees that I wasn’t able to afford before coming to you for help. Your team were nothing short of amazing and professional and very easy to work with and i couldn’t have imagined any better recovery firm to handle my case. I have already recommended you to a friend and I will definitely recommend you to anyone needing help with their recovery case to get in contact with you and the team on Email address : J E T H A C K S 7 @ G m a i l . C o m or on Telegram username @ J E T H A C K S S

  27. I wanted to take the time to properly thank the team at J E T H A C K S R E C O V E R Y C E N T R E who have been nothing short of exceptional and I cannot recommend them highly enough. I was involved in a messy financial investment with a dishonest company, and to their immense credit the team didn’t judge but listened to my situation, provided unbiased and sound professional advice and only then asked if I wanted to proceed. I work within the finance industry, & was dubious of the potential to assist with my circumstances, but due to the excellent service recommendation from a friend and having exhausted all avenues to fight it myself, I hesitantly decided to hire J E T H A C K S R E C O V E R Y C E N T R E to fight on my behalf. The team’s role in the recovery exercise was crucial, in fact it was the only role as they worked on my behalf while I watched the team perform what seemed impossible to previous recovery agents & today, am delighted to report that the team successfully traced and recouped back my funds from the fraud company accounts and into my bank account. I simply cannot thank the team enough for their professionalism, diligent dedication and tenacious attention to making sure my funds were swiftly retrieved . If you have a financial investment problem and are willing to recover it back, I cannot think of a better firm to have on your side than J E T H A C K S R E C O V E R Y C E N T R E and it’s team of proved professional hackers that have got the ability and knowledge to trace down every form of transaction and possibly have them reverted, they are available on the below contact informations,
    Email: J e t h a c k s 7 @ g m a i l . Com
    Telegram : J e t h a c k s s

  28. The process to recovering lost cryptocurrencies is seldomly straightforward, but with a determined mindset to keep pushing forward and a bit of faith, success can be achieved. While seeking professional assistance is pivotal with financial challenges, it’s also important to remain cautious. Trustworthy recovery teams like J E T H A C K S R E C O V E R Y C E N T R E exist, but so do scams and fraudulent firms. carry out a thorough research, and exercise caution when choosing who to trust with your recovery journey. My encounter with J E T H A C K S R E C O V E R Y C E N T R E proved to be a pathbreaker in the daunting task of recovering my lost Bitcoin. AT first, it seemed like an almost impossible thing to achieve, then the moment of ascendancy finally arrived With the assistance of this highly skilled team dedicated to helping individuals like me retrieve their lost cryptocurrencies. I was able to reclaim my lost Bitcoin assets worth of $722,180 held by capitalix fx group. Capitalix fx group is a scam group and plenty people including myself have lost our monies to these group, sadly not all would be fortunate enough to retrieve back their funds like I did but if you’re reading this today then you’re already a step closer towards regaining your lost digital assets, J E T H A C K S R E C O V E R Y C E N T R E successfully retrieved back my funds in the span of 72 hours after I sought for their help to get back my funds. This experience has taught me the importance of carrying out my due diligence before embracing any financial opportunity presented to me and while risk taking may be a part of the journey, some risks are not worth taking and never again will I involve myself with any online financial investment. It’s only right that we seek for external intervention and support of a higher knowledge system when it comes to digital assets recovery, Get in contact today with the team to get started on Email : J e t h a c k s 7 @ g m a i l. C o m or Via their official Telegram account: J e t h a c k s s

  29. Earlier last year, I got involved with this lady I had met on instagram that posed herself to be a crypto trader and convinced me to invest in her annual program aimed at enabling crypto enthusiasts accumulate steady profits in crypto trading through her company without having to worry about suffering any real losses. At first, I made a few tentative deposits which went well without any form of withdrawal issues before she then advised me to up my investments, she said and I quote ‘’ Once you have a huge capital even the smallest ROl will make you money, and the smallest ROl are most times easier to get and come by, a 3% ROi excluding your initial investment of 100m is 3M and 30m for 1 billion, let’s say you get that weekly spread across a number of months soon you would have made a lot of money easily. Everything had been laid out in a very legitimate way and the possibility of that being a fraud never occurred to me, I ended up depositing a hefty sum in the company. 3 months later, the website shut down and for so many weeks, she told me it was under maintenance which never got fixed till she also blocked me on all socials. This left me perplexed and stranded prompting me to take and immediate action once I realized I had been defrauded. Unfortunately all efforts to get the authorities involved failed to bear any concrete fruits so I decided to try something different and involve the expertise of cybersecurity professionals to help retrieve my funds from the scammers. After a while of investigating, I decided to report my case to J E T H A C K S RECOVERY CENTRE ( J e t h a c k s 7 @ g m a i l . c o m ) following their successful track history of helping scam victims retrieve their funds. The team indeed lived up to their reputation as my funds was safely recovered from the scammers in 48 hours. With that being said, I hope my story can help someone out there get the help they deserve, the team is also active on their official Telegram page: J E T H A C K S S

  30. One of the key benefits of working with professional recovery teams is the ability to help individuals avoid common pitfalls and scams in the recovery process. last year I lost a lifetime savings to a pig slaughter scam. These scammers are obviously good at what they do, their activities are littered everywhere on the internet nowadays, evidently this internet fraudsters are a pandemic upon us all and sadly not even the authorities have been able to do anything about them. August 2023, I got acquainted with this group on Facebook that claimed to be blockchain officials and told me I had been selected to participate in an airdrop, a website was provided to me from where I could earn and claim my airdrops daily. Well after 3 months of performing series of tasks I accumulated a total of 12.06 BTC but upon requesting for withdrawal, I found out my account had been frozen, I quickly wrote to the support desk but I was told to clear some fees first which included a tax payment of $ 68,000 because my earnings were huge so they claimed but unfortunately I was still denied withdrawal after clearing these fees instead I was slapped with more fees, this developed a huge doubt in me therefore I had to investigate further because it seemed a bit shady to me, I eventually discovered similar stories which only led me to believe I had been scammed and quickly I contacted J E T H A C K S RECOVERY CENTRE to assist me in the recovery process of my earnings. I contacted the Team through their official Telegram username @ J E T H A C K S S and from that point, everything turned around for me, this team is well-versed and very experienced in cyber crime intervention, they took on my case and recovered back every single penny I transferred to their account after 3 days of reaching out to them and just like I suspected, it was all a game of numbers and all earnings were fake and I have this team to thank for everything. They are also active on Email : J E T H A C K S 7 @ G M A I L . C O M

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read