Atlas Honda's profits increase by 8.6% during the Quarter ending June 30th 2018: earnings report

MG News | July 30, 2018 at 12:52 PM GMT+05:00

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Atlas Honda Limited (ATLH) reported the summary of their Board of directors meeting, held on July 30^th 2018, in which they finalized the financial earnings for the Quarter ending on June 30^th 2018.

According to the report, the company’s Sales increased by 25% while their Gross Profit went up by 9%, as compared to the Quarter ending on June 30th 2017.

Other Operating income demonstrated an increase of 16.5%, while Finance cost dropped by 44%

The overall Profit after Taxation was reported to have increased by 8.6%

They further stated an increase of 8% in Earnings per share.

Profit and Loss for the Quarter Ended June 30,2018
	2018	2017	% Change
Sales	22,128,662	17,693,849	25.1%
Cost of Sales	(20,006,170)	(15,747,988)	27.0%
Gross Profit	2,122,492	1,945,861	9.1%
Sales and Marketing Expenses	(481,541)	(436,701)	10.3%
Administrative expenses	(158,033)	(148,051)	6.7%
Other operating income	259,030	222,434	16.5%
Other operating expenses	(114,027)	(113,205)	0.7%
Profit from operations	1,627,921	1,470,338	10.7%
Finace Cost	(1,608)	(2,867)	-43.9%
Share of profit of an associate - net of tax	10,000	14,201	-29.6%
Profit before taxation	1,636,313	1,481,672	10.4%
Taxation	(441,805)	(381,501)	15.8%
Profit after taxation	1,194,508	1,100,171	8.6%
Earnings per share - Rs.	11.5	10.64	8.1%

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