Atlas Honda Ltd's profits suffer at hands of higher cost pressures

Dec-18

Dec-17

% Change

Sales

                     60,537,895

                    56,511,563

7.1%

Cost of Sales

                  (55,545,270)

                  (50,329,402)

10.4%

Gross Profit

                       4,992,625

                       6,182,161

-19.2%

Sales and Marketing Expenses

                     (1,396,404)

                    (1,346,627)

3.7%

Administrative expenses

                        (462,917)

                        (479,488)

-3.5%

Other operating income

                           687,988

                          605,522

13.6%

Other operating expenses

                        (262,945)

                        (354,070)

-25.7%

Share of profit of an associate - net of tax

                             13,271

                             44,977

-70.5%

Profit from operations

                       3,571,618

                       4,652,475

-23.2%

Finance Cost

                           (13,926)

                          (13,780)

1.1%

Profit before taxation

                       3,557,692

                       4,638,695

-23.3%

Taxation

                     (1,043,817)

                    (1,226,346)

-14.9%

Profit after taxation

                       2,513,875

                       3,412,349

-26.3%

Earnings per share - Rupees

24.31

                               33.00

-26.3%