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

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.60000	278.80000	278.80000	278.60000	01:02 PM
2	EUR	1.06990	1.07020	1.07020	1.06990	07:01 PM
3	GBP	1.24870	1.24890	1.24890	1.24870	07:01 PM
4	CHF	0.91464	0.91512	0.91512	0.91464	07:02 PM
5	JPY	158.09000	158.10000	158.10000	158.09000	07:01 PM
6	CAD	1.36780	1.36830	1.36830	1.36780	07:01 PM
7	AUD	0.65320	0.65360	0.65360	0.65320	07:01 PM
8	INR	83.40270	83.40320	83.40320	83.40270	05:02 PM
9	SAR	3.75040	3.75090	3.75090	3.75040	02:00 AM
10	AED	3.67240	3.67340	3.67340	3.67240	01:59 AM
11	HKD	7.82830	7.82840	7.82840	7.82830	07:01 PM
12	CNH	7.26210	7.26410	7.26410	7.26210	06:36 PM
13	CNY	7.24640	7.24650	7.24650	7.24640	09:11 PM
14	THB	36.99000	37.04000	37.04000	36.99000	06:36 PM
15	MYR	4.76500	4.77000	4.77000	4.76500	04:58 AM
16	IDR	16,232.20000	16,250.40000	16,250.40000	16,232.20000	06:57 PM
17	SGD	1.36210	1.36310	1.36310	1.36210	07:01 PM
18	NZD	0.59360	0.59420	0.59420	0.59360	07:01 PM
19	MXN	17.14510	17.17510	17.17510	17.14510	07:01 PM
20	TRY	32.50600	32.51000	32.51000	32.50600	06:36 PM
21	SEK	10.76040	11.01820	11.01815	10.76041	07:01 PM
22	ZAR	18.55910	18.96020	18.96019	18.55911	07:01 PM
23	NOK	11.03580	11.04180	11.04180	11.03580	07:01 PM
24	DKK	6.97030	6.97130	6.97130	6.97030	07:01 PM
25	ARS	875.82900	875.97800	875.97823	875.82872	07:01 PM
26	BDT	108.34000	111.70400	111.70397	108.33995	06:36 PM
27	BHD	0.37698	0.37713	0.37713	0.37698	06:54 PM
28	BRL	5.11480	5.11780	5.11780	5.11480	06:57 PM
29	KRW	1,376.43000	1,379.75000	1,379.75000	1,376.43000	06:57 PM
30	KWD	0.30808	0.30818	0.30818	0.30808	01:03 AM
31	LKR	293.46400	300.00500	300.00467	293.46353	06:36 PM
32	OMR	0.38476	0.38526	0.38526	0.38476	01:58 AM
33	QAR	3.64600	3.64800	3.64800	3.64600	01:59 AM
34	RUB	92.27000	92.29000	92.29000	92.27000	08:00 PM
35	AFN	71.37320	73.24210	73.24207	71.37317	06:36 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:54 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	08:00 PM
39	UZS	12,638.40000	12,703.80000	12,703.82657	12,638.41518	06:36 PM
40	PHP	57.51700	57.76000	57.76000	57.51700	05:00 PM
42	NGN	1,305.72000	1,306.72000	1,306.72000	1,305.72000	07:26 AM
43	KES	131.42100	134.22400	134.22417	131.42083	06:36 PM
44	AMD	388.08000	388.08000	388.08000	388.08000	08:16 AM
45	TWD	32.58800	32.61800	32.61800	32.58800	06:57 PM
46	XAU	2,337.48000	2,338.39000	2,338.39000	2,337.48000	07:00 PM
47	XAG	27.15820	27.20580	27.20580	27.15820	07:00 PM
48	XPT	915.55000	917.95000	917.95000	915.55000	01:59 AM
49	XPD	954.21200	962.02800	962.02800	954.21200	02:00 AM
2,120	VES	36.33200	36.42320	36.42315	36.33204	08:00 PM
2,212	UGX	3,781.71000	3,865.81000	3,865.81320	3,781.71284	06:36 PM
2,213	TZS	2,549.64000	2,643.09000	2,643.08742	2,549.64257	06:36 PM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	72,862.41	72,742.748	71,764.18	771.347	1.072	302,352,233.0	14,307,377,262.460	26/04/2024 05:12 PM
ALLSHR	47,721.89	47,489.465	47,040.09	314.510	0.667	540,778,150.0	22,562,380,076.020	26/04/2024 05:12 PM
KSE30	24,069.72	24,033.869	23,676.59	284.824	1.199	79,764,833.0	9,454,683,795.040	26/04/2024 05:12 PM
KMI30	122,624.63	122,414.850	120,539.93	1,511.894	1.251	130,473,781.0	8,715,975,575.960	26/04/2024 05:12 PM
KMIALLSHR	34,120.82	34,003.274	33,623.23	303.834	0.902	336,036,323.0	17,261,793,362.150	26/04/2024 05:12 PM
BKTi	18,098.00	18,061.700	17,783.46	189.341	1.059	12,829,416.0	1,502,941,695.300	26/04/2024 05:12 PM
OGTi	17,165.47	17,018.023	16,915.39	-13.038	-0.077	13,158,963.0	1,843,356,910.500	26/04/2024 05:12 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	64,530.0	65,395.0	63,775.0	-740.00
BRENT CRUDE	EB	89.3	89.8	88.8	0.32
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-1.25
ROTTERDAM COAL MONTHLY	ET	117.5	117.5	117.5	-1.05
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	83.7	84.5	83.4	0.09
SUGAR #11 WORLD	SB	19.1	19.6	19.0	-0.04

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