Earning review: HCAR’s profits slump by 77%

08:11
July 23, 2019
MG

July 23, 2019 (MLN): The Board of Directors of Honda Atlas Cars (Pakistan) Limited, in their meeting held on Tuesday, July 23, 2019, discussed and presented the financial results of the Company for the quarter ended June 31, 2019.

As per the official earning report issued the PSX, the company has earned a Profit after Tax of Rs. 241 million (EPS: 1.69), as compared to Rs. 1 billion earned in the corresponding period of last year.

The major driving force behind this typical performance was the drop in revenue by 25%, thanks to poor sales volume. Moreover, the gross profits fell by 37% on account of persistent PKR devaluation.

The company’s performance was in line with the market expectations only till the extent that it did not incur losses. Other than that, the overall performance was hardly close to the projections put forth by brokerage houses.

Profit and loss account for the quarter ended June 30, 2019 (Rupees'000)
	June 30, 2019	June 30, 2018	% Change
Sales	17,879,689	23,854,280	-25.05%
Cost of sales	-16,529,560	-21,710,566	-23.86%
Gross Profit	1,350,129	2,143,714	-37.02%
Distribution and marketing costs	-177,891	-190,871	-6.80%
Administrative expenses	-196,787	-166,492	18.20%
Other operating income	174,992	449,168	-61.04%
Other operating expenses	-739,808	-347,099	113.14%
Profit from operations	410,635	1,888,420	-78.26%
Finance cost	-54,441	-4,399	1137.58%
Profit before taxation	356,194	1,884,021	-81.09%
Taxation	-114,478	-833,551	-86.27%
Profit after taxation	241,716	1,050,470	-76.99%
Earnings per share – basic and diluted	1.69	7.36	-77.04%

Copyright Mettis Link News

Posted on: 2019-07-23T13:11:00+05:00

29074

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EQUITY

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FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	284.00000	284.20000	284.20000	284.00000	03:51 PM
2	EUR	1.07224	1.07226	1.07226	1.07224	06:23 PM
3	GBP	1.22426	1.22430	1.22430	1.22428	06:23 PM
4	CHF	0.92600	0.92640	0.92640	0.92600	06:23 PM
5	JPY	131.33500	131.34400	131.34400	131.34100	06:23 PM
6	CAD	1.36834	1.36847	1.36847	1.36834	06:23 PM
7	AUD	0.67064	0.67071	0.67071	0.67066	06:23 PM
8	INR	82.54230	82.54280	82.54280	82.54230	06:23 PM
9	SAR	3.75570	3.75780	3.75780	3.75570	06:23 PM
10	AED	3.67218	3.67327	3.67327	3.67218	06:23 PM
11	HKD	7.84156	7.84181	7.84181	7.84156	06:23 PM
12	CNH	6.87780	6.87805	6.87805	6.87780	06:23 PM
13	CNY	6.87950	6.88150	6.88150	6.87950	06:23 PM
14	THB	34.04400	34.07000	34.07000	34.04400	06:23 PM
15	MYR	4.48350	4.48850	4.48850	4.48350	02:35 PM
16	IDR	15,353.30000	15,353.40000	15,353.40000	15,353.30000	06:23 PM
17	SGD	1.33923	1.33938	1.33938	1.33923	06:23 PM
18	NZD	0.62638	0.62653	0.62653	0.62639	06:23 PM
19	MXN	18.94540	18.95040	18.95013	18.94539	06:23 PM
20	TRY	19.01420	19.02420	19.02420	19.01420	06:23 PM
21	SEK	10.40780	10.41030	10.40972	10.40781	06:23 PM
22	ZAR	18.45620	18.46370	18.46360	18.45623	06:23 PM
23	NOK	10.65730	10.66020	10.66015	10.65728	06:23 PM
24	DKK	6.94307	6.94357	6.94357	6.94311	06:23 PM
25	ARS	204.51900	204.52800	204.52753	204.51913	06:23 PM
26	BDT	103.60400	106.96600	106.96591	103.60367	05:19 PM
27	BHD	0.37436	0.37996	0.37996	0.37436	06:13 PM
28	BRL	5.24610	5.24910	5.24910	5.24610	06:23 PM
29	KRW	1,306.67000	1,307.78000	1,307.78000	1,306.67000	06:23 PM
30	KWD	0.30605	0.30705	0.30705	0.30605	06:13 PM
31	LKR	341.74000	348.27800	348.27804	341.74041	05:19 PM
32	OMR	0.38357	0.38637	0.38637	0.38357	06:13 PM
33	QAR	3.63950	3.64250	3.64250	3.63950	05:00 AM
34	RUB	76.57600	76.64600	76.64600	76.57600	06:23 PM
35	AFN	86.48220	88.35010	88.35011	86.48225	05:19 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	05:12 PM
37	TMT	3.35000	3.65000	3.65000	3.35000	05:00 AM
38	MVR	15.25000	15.55000	15.55000	15.25000	05:00 AM
39	UZS	11,344.60000	11,410.00000	11,410.02592	11,344.64965	05:19 PM
40	PHP	54.36000	54.38000	54.38000	54.36000	06:23 PM
42	NGN	460.00000	461.00000	461.00000	460.00000	06:11 PM
43	KES	129.30000	131.30000	131.30000	129.30000	06:11 PM
44	AMD	388.48000	388.48000	388.48000	388.48000	05:57 PM
45	TWD	30.51780	30.54780	30.54780	30.51780	06:23 PM
46	XAU	1,979.67000	1,979.81000	1,979.81000	1,979.67000	06:23 PM
47	XAG	22.37320	22.38280	22.38280	22.37320	06:23 PM
48	XPT	1,082.51000	1,092.00000	1,092.00000	1,082.51000	05:00 AM
49	XPD	1,705.23000	1,721.11000	1,721.11000	1,705.23000	05:00 AM
2,120	VES	24.06550	24.12590	24.12586	24.06549	05:00 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	41,398.03	40,918.450	40,909.24	-411.500	-0.996	92,207,003.0	4,034,016,704.020	20/03/2023 04:14 PM
ALLSHR	27,195.51	26,975.180	26,965.52	-202.170	-0.744	195,348,053.0	5,006,942,956.020	20/03/2023 04:14 PM
KSE30	15,352.01	15,043.170	15,036.17	-308.840	-2.012	54,697,235.0	2,955,218,229.510	20/03/2023 04:14 PM
KMI30	71,412.44	70,374.890	70,336.09	-986.550	-1.383	75,379,383.0	3,043,445,347.500	20/03/2023 04:14 PM
KMIALLSHR	19,718.49	19,484.040	19,481.04	-234.450	-1.189	131,559,749.0	3,942,826,837.100	20/03/2023 04:14 PM
BKTi	9,627.43	9,316.640	9,310.44	-310.790	-3.228	3,935,991.0	220,689,552.950	20/03/2023 04:07 PM
OGTi	11,175.47	10,904.650	10,894.05	-270.820	-2.423	6,722,876.0	599,330,926.660	20/03/2023 04:13 PM

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Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	28,365.0	28,715.0	27,320.0	1,365.00
BRENT CRUDE	EB	73.0	73.7	70.1	0.04
RICHARDS BAY COAL MONTHLY	EF	135.0	0.0	0.0	4.50
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USD RBD PALM OLEIN	POL	987.5	987.5	987.5	0.00
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