ATLH reports 29% decline in net profits
MG News | July 30, 2019 at 04:14 PM GMT+05:00
July 30, 2019 (MLN): The Board of Directors of Atlas Honda Limited in their meeting held on Tuesday has announced Profit after Tax of Rs. 842 million (EPS: Rs. 6.79) for the quarter ended June 30, 2019, depicting a decline of 29.5%.
The earnings were impacted by higher increase in cost of sales than sales revenue, which pulled down gross profits by 19%.
Moreover, the finance cost surged by 229% due to higher interests rates on borrowings.
| Financial results for the quarter ended June 30, 2019 (Rs'000) | |||
|---|---|---|---|
| 2019 | 2018 | % Change | |
| Sales | 22,832,003 | 22,128,662 | 3.18% |
| Cost of Sales | -21,116,323 | -20,006,170 | 5.55% |
| Gross Profit | 1,715,680 | 2,122,492 | -19.17% |
| Sales and Marketing Expenses | -524,177 | -481,541 | 8.85% |
| Administrative Expenses | -158,305 | -158,033 | 0.17% |
| Other Operating Income | 263,124 | 259,030 | 1.58% |
| Other Operating Expenses | -90,214 | -114027 | -20.88% |
| Profit from Operations | 1,206,108 | 1,627,921 | -25.91% |
| Finance Cost | -5,301 | -1,608 | 229.66% |
| Share of Profit of an associate - net of tax | 2,105 | 10,000 | -78.95% |
| Profit before taxation | 1,202,912 | 1,636,313 | -26.49% |
| Taxation | -360,785 | -441,805 | -18.34% |
| Profit after taxation | 842,127 | 1,194,508 | -29.50% |
| EPS - Rs | 6.79 | 9.63 | -29.49% |
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 164,590.41 485.01M | -1.18% -1962.87 |
| ALLSHR | 100,327.42 1,503.35M | -0.96% -969.25 |
| KSE30 | 50,209.81 169.39M | -1.36% -693.46 |
| KMI30 | 238,432.14 93.18M | -1.21% -2915.72 |
| KMIALLSHR | 66,026.36 597.12M | -0.75% -498.00 |
| BKTi | 46,678.02 105.34M | -2.30% -1100.99 |
| OGTi | 32,746.16 15.69M | -0.51% -167.04 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 109,795.00 | 110,505.00 107,055.00 | 1850.00 1.71% |
| BRENT CRUDE | 65.67 | 66.18 63.86 | 3.08 4.92% |
| RICHARDS BAY COAL MONTHLY | 80.50 | 0.00 0.00 | -0.90 -1.11% |
| ROTTERDAM COAL MONTHLY | 92.60 | 92.60 92.60 | 0.80 0.87% |
| USD RBD PALM OLEIN | 1,085.00 | 1,085.00 1,085.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 61.55 | 62.12 59.64 | 3.05 5.21% |
| SUGAR #11 WORLD | 15.28 | 15.44 15.18 | 0.18 1.19% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Profit Repatriation
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|