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

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

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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 30^th 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.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,045.00	108,430.00 105,440.00	2295.00 2.17%
BRENT CRUDE	67.80	68.10 66.94	0.69 1.03%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.75 0.78%
ROTTERDAM COAL MONTHLY	109.20	110.00 108.25	1.70 1.58%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.15	66.43 65.23	0.70 1.07%
SUGAR #11 WORLD	15.70	15.97 15.58	0.00 0.00%