Atlas Honda profit for HY17 rises 31.04% to Rs. 2.24 billion

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MG News | October 31, 2017 at 03:00 PM GMT+05:00

  • Atlas Honda sales for the period increased by 24.43% to a total of Rs. 36.91 billion up from 29.66 same period last year
  • Company’s Gross Profit for the period increased by 30% to a total 4 billion
  • Financing costs showed a decline of 23.12% totaling at Rs. 11.05 million for the period
  • Company’s bottom line for the period increased 31.04% reaching 2.24 billion up from 1.71 billion in the same period last year
  • The company’s earnings per share reached 21.68 rupees up from 16.54 rupees last year
Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Half Year Ended, September 30th 2017

Key Financials

2017

2016

% Change

 

Amounts in PKR ‘000

Sales

36,917,393

29,668,350

24.43%

Cost of sales

32,850,551

26,540,113

23.78%

Gross Profit

4,066,842

3,128,237

30.00%

Selling and marketing expenses

891,261

754,754

18.09%

Administrative expenses

320,582

275,417

16.40%

Other income

405,174

394,765

2.64%

Other operating expenses

237,125

188,911

25.52%

Share of net profit of an associate

29,977

27,198

10.22%

Operating profit

3,053,025

2,331,118

30.97%

Finance costs

11,058

14,383

-23.12%

Profit before taxation

3,041,967

2,316,735

31.30%

Taxation

800,121

605,977

32.04%

Profit for the period

2,241,846

1,710,758

31.04%

Other comprehensive income

-

-

 

Total comprehensive income for the period

2,241,846

1,710,758

31.04%

EPS - basic and diluted

21.68

16.54

31.08%

Company release on Earnings Report can be accessed here.

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