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