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

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

 

Posted on: 2018-07-30T12:52:00+05:00

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