Honda Atlas suffers 43 pct decline in PAT due to cost overrun

09:16
November 12, 2018
MG

November 12, 2018 (MLN): Honda Atlas Cars have reported their half yearly earnings for the period ended September 30, 2018, at a profit after tax (PAT) of Rs.2 billion (-43%), while earnings per share have logged in at Rs.14.57 per share.

An official report on the company’s profit and loss statement shows that such a substantial decline in profit growth is the result of drastic expansion in cost of sales (Rs.45.9 billion, up by 20%) and in net operational expenses, which have logged in at Rs.539 million (+178%).

Although Honda Atlas Cars’ sales for the period went up by 13%, as compared to the corresponding period last year, the above mentioned components weighed down overall profits, enough to not only arrest profit growth, but to change it into a decline.

Profit and Loss statement for the half year ended September 30, 2018 ('000 Rupees)
	Sep-18	Sep-17	% Change
Sales	49,671,603	43,948,297	13.02%
Cost of sales	(45,879,834)	(38,240,363)	19.98%
Gross profit	3,791,769	5,707,934	-33.57%
Distribution & marketing cost	(356,337)	(341,437)	4.36%
Administrative expenses	(381,832)	(296,361)	28.84%
Other operating income	809,429	953,656	-15.12%
Other operating expenses	(610,663)	(509,919)	19.76%
	(539,403)	(194,061)	177.96%
Profit from operations	3,252,366	5,513,873	-41.01%
Finance cost	(6,367)	(6,477)	-1.70%
Profit before taxation	3,245,999	5,507,396	-41.06%
Taxation	(1,165,211)	(1,803,358)	-35.39%
Profit after taxation	2,080,788	3,704,038	-43.82%
Earnings per share – basic and diluted	14.57	25.94	-43.83%

Copyright Mettis Link News

Posted on: 2018-11-12T14:16:00+05:00

24222

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.20000	278.40000	278.40000	278.20000	01:03 PM
2	EUR	1.06690	1.06720	1.06720	1.06690	10:05 PM
3	GBP	1.23680	1.23700	1.23700	1.23680	10:05 PM
4	CHF	0.91026	0.91075	0.91074	0.91026	10:05 PM
5	JPY	154.62000	154.63000	154.63000	154.62000	10:05 PM
6	CAD	1.37970	1.38020	1.38020	1.37970	10:05 PM
7	AUD	0.64140	0.64180	0.64180	0.64140	10:05 PM
8	INR	83.37020	83.37070	83.37070	83.37020	08:00 PM
9	SAR	3.75120	3.75140	3.75140	3.75120	07:06 AM
10	AED	3.67220	3.67320	3.67320	3.67220	01:57 AM
11	HKD	7.83130	7.83140	7.83140	7.83130	10:05 PM
12	CNH	7.23884	7.23892	7.23892	7.23884	08:00 PM
13	CNY	7.24030	7.24040	7.24040	7.24030	07:10 PM
14	THB	36.80000	36.82000	36.82000	36.80000	08:00 PM
15	MYR	4.78150	4.78650	4.78650	4.78150	08:00 PM
16	IDR	16,210.30000	16,226.20000	16,226.20000	16,210.30000	08:00 PM
17	SGD	1.36080	1.36180	1.36180	1.36080	10:05 PM
18	NZD	0.58850	0.58910	0.58910	0.58850	09:39 PM
19	MXN	17.08550	17.11550	17.11550	17.08550	10:05 PM
20	TRY	32.48060	32.49060	32.49060	32.48060	08:00 PM
21	SEK	10.89960	10.92770	10.92770	10.89960	10:05 PM
22	ZAR	18.77030	19.81930	19.81933	18.77031	10:05 PM
23	NOK	11.01490	11.02090	11.02090	11.01490	10:05 PM
24	DKK	7.00130	7.00230	7.00230	7.00130	09:39 PM
25	ARS	870.10300	870.11100	870.11115	870.10271	10:06 PM
26	BDT	108.06500	111.44600	111.44612	108.06470	08:00 PM
27	BHD	0.37700	0.37710	0.37710	0.37700	08:32 PM
28	BRL	5.20200	5.20500	5.20500	5.20200	08:00 PM
29	KRW	1,373.58000	1,375.41000	1,375.41000	1,373.58000	08:00 PM
30	KWD	0.30836	0.30846	0.30846	0.30836	01:56 AM
31	LKR	298.75800	305.33300	305.33326	298.75827	08:00 PM
32	OMR	0.38498	0.38515	0.38515	0.38498	01:57 AM
33	QAR	3.64600	3.64900	3.64900	3.64600	01:59 AM
34	RUB	93.20000	94.60000	94.60000	93.20000	08:00 PM
35	AFN	71.00000	73.00000	73.00000	71.00000	08:00 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:27 AM
37	TMT	3.36000	3.66000	3.66000	3.36000	08:00 PM
38	MVR	15.25000	15.65000	15.65000	15.25000	08:00 PM
39	UZS	12,670.00000	12,740.00000	12,740.00000	12,670.00000	08:00 PM
40	PHP	57.45800	57.68800	57.68800	57.45800	08:00 PM
42	NGN	1,149.00000	1,153.00000	1,153.00000	1,149.00000	08:00 PM
43	KES	133.00000	134.00000	134.00000	133.00000	08:00 PM
44	AMD	392.60000	392.60000	392.60000	392.60000	08:00 PM
45	TWD	32.53300	32.53900	32.53900	32.53300	08:00 PM
46	XAU	2,390.01000	2,391.71000	2,391.71000	2,390.01000	08:00 PM
47	XAG	28.65580	28.68580	28.68580	28.65580	08:00 PM
48	XPT	931.58700	937.31300	937.31280	931.58720	02:00 AM
49	XPD	1,026.51000	1,034.34000	1,034.33590	1,026.50920	02:00 AM
2,120	VES	36.25120	36.34210	36.34210	36.25125	08:00 PM
2,212	UGX	3,768.41000	3,852.95000	3,852.94560	3,768.40998	08:00 PM
2,213	TZS	2,591.49000	2,591.51000	2,591.51500	2,591.48500	08:00 PM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	70,968.98	70,909.904	70,186.93	619.785	0.882	214,724,945.0	13,651,927,649.760	19/04/2024 05:13 PM
ALLSHR	46,573.62	46,547.234	46,105.96	339.379	0.735	475,634,499.0	23,214,193,723.360	19/04/2024 05:13 PM
KSE30	23,393.38	23,376.569	23,058.97	282.759	1.224	116,554,680.0	11,831,374,214.290	19/04/2024 05:13 PM
KMI30	118,779.97	118,572.725	117,247.45	1,218.125	1.038	148,956,005.0	11,119,881,421.450	19/04/2024 05:13 PM
KMIALLSHR	33,051.27	33,022.390	32,695.54	298.524	0.912	317,804,569.0	19,951,289,708.390	19/04/2024 05:13 PM
BKTi	17,861.34	17,826.912	17,489.40	244.864	1.393	16,782,769.0	1,601,100,031.210	19/04/2024 05:13 PM
OGTi	16,766.60	16,652.098	16,435.08	192.159	1.167	13,610,174.0	1,842,349,761.040	19/04/2024 05:13 PM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	64,150.0	65,640.0	59,635.0	490.00
BRENT CRUDE	EB	87.4	90.8	86.2	0.28
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-6.15
ROTTERDAM COAL MONTHLY	ET	120.0	0.0	0.0	-0.35
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	82.1	85.6	81.1	0.01
SUGAR #11 WORLD	SB	19.6	19.8	19.3	0.03

To see more commodities please register for our portal

Top 5 things to watch in this week

Charts

KSE100 (Last)

KSE100 (Volume)

KSE100 (Last)

KSE100 (Volume)

Trending :

Honda Atlas suffers 43 pct decline in PAT due to cost overrun

Top 5 things to watch in this week

Charts

Stay Connected

Read Next

PM Shehbaz Sharif urges shift to hydel power, stresses renewable energy

PTCL-Telenor deal ignites investor confidence

MG Morning Breeze: Updates to Skim before Market

MG Morning Breeze: Updates to Skim before Market