October 28, 2019 (MLN): Atlas Honda Limited has announced earnings of Rs. 1.4 billion (EPS: 11.38) for the half year ended September 30, 2019, i.e. around 27.2% lower than the earnings reported in same period of last year.
According to the official document released by the company, the gross profits of the company slumped by 19.7% on account of persistent Rupee devaluation.
Moreover, the finance costs increased by 25.8% due to hike in interest rates.
On the brighter side, the non-core income surged by 24% whereas the non-core expense declined by 22.5%.
The company also announced an Interim Cash Dividend for the above stated period at Rs. 6.5 per share i.e. 65%.
|
Profit and Loss for the half year ended September 30, 2019 ('000 Rupees) |
|||
|---|---|---|---|
|
Sep-19 |
Sep-18 |
% Change |
|
|
Sales |
41,302,591 |
41,155,604 |
0.4% |
|
Cost of Sales |
(38,278,670) |
(37,391,127) |
2.4% |
|
Gross Profit |
3,023,921 |
3,764,477 |
-19.7% |
|
Sales and Marketing Expenses |
(1,013,103) |
(927,429) |
9.2% |
|
Administrative expenses |
(329,876) |
(317,819) |
3.8% |
|
Other operating income |
539,037 |
435,148 |
23.9% |
|
Other operating expenses |
(156,597) |
(201,991) |
-22.5% |
|
Share of profit of an associate – net of tax |
2,542 |
11,079 |
-77.1% |
|
Profit from operations |
2,065,924 |
2,763,465 |
-25.2% |
|
Finance Cost |
(13,884) |
(11,040) |
25.8% |
|
Profit before taxation |
2,052,040 |
2,752,425 |
-25.4% |
|
Taxation |
(639,417) |
(811,060) |
-21.2% |
|
Profit after taxation |
1,412,623 |
1,941,365 |
-27.2% |
|
Earnings per share – Rs. |
11.38 |
15.65 |
-27.3% |
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