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Atlas Honda Company Limited profits rise by 24.28 percent to Rs. 4.663 billion

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Atlas Honda Company Limited (ATLH) today announced financial results for the twelve months period ending 31 March, 2018 reporting Gross Turnover at Rs. 77.478 billion; up 20.06 percent from same period last year. Furthermore, the company’s Gross Profit rose to Rs. 8.29 billion from Rs. 6.779 billion last year during the outgoing twelve months.

On the expenses front, ATLH reported 13.57 percent increase in Selling and Marketing Expenses, 5.35 percent increase in Administrative Expenses, whereas, Other Operating Expenses incurred by the company went up by 9.96 percent during the period.

Furthermore, ATLH also reported 4.19 percent decrease in Other Income reaching Rs. 877.908 million during the twelve months.

Atlas Honda Pakistan Limited reported profit after taxation at Rs. 4.663 billion against Rs. 3.752 billion during the same period last year translating into an EPS of Rs. 45.10 vs. an EPS of Rs. 36.29 during the twelve months ending March, 2017.

The Management at Atlas Honda approved a final cash dividend of Rs. 27/- per share i.e. 270 percent.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Twelve Months Ended, March 30th 2018

Key Financials

March, 2018

March, 2017

% Change

 

Amounts in PKR’ 000

Sales

77,478,845

64,534,021

20.06%

Cost of Sales

69,188,101

57,754,987

19.80%

Gross Profit

8,290,744

6,779,034

22.30%

Selling and Marketing Expenses

1,852,057

1,630,773

13.57%

Administrative Expenses

634,594

602,343

5.35%

Other Income

877,908

916,333

-4.19%

Other Operating Expenses

445,037

404,740

9.96%

Operating Profit

6,287,571

5,118,595

22.84%

Finance Cost

22,725

25,853

-12.10%

Profit before Taxation

6,264,846

5,092,742

23.02%

Income Tax Expenses

1,601,211

1,340,263

19.47%

Profit for the Year

4,663,635

3,752,479

24.28%

EPS  – Basic and diluted

45.10

36.29

24.28%

Company release on Earnings Report can be accessed here.

Posted on: 2018-04-30T13:03:00+05:00