Atlas Honda announced Financial Results for the period ended June 30, 2017.
The company’s Sales for the period increased by 2 percent in the outgoing quarter, whereas the Profit after Taxation for the Period declined by 75 percent.
The board has recommended no cash dividend, bonus shares or right shares for the period.
Comparison of Key Financials
Financial Results – For the Quarter Ended April to June |
|||
Key Financials |
2017 |
2016 |
% Change |
Sales |
17,639,849 |
14,797,202 |
19% |
Cost of Sales |
15,747,988 |
13,267,500 |
19% |
Gross Profit |
1,945,861 |
1,529,702 |
27% |
Sales and Marketing Expenses |
436,701 |
371,791 |
17% |
Administrative Expenses |
148,051 |
125,754 |
18% |
Other Operating Income |
222,434 |
198,897 |
12% |
Other Operating Expenses |
113,205 |
86,188 |
31% |
Profit from Operations |
1,470,338 |
1,144,866 |
28% |
Finance Cost |
2,867 |
3,945 |
-27% |
Share of Profit of an associate – net of tax |
14,201 |
11,008 |
29% |
Profit before taxation |
1,481,672 |
1,151,929 |
29% |
Taxation |
381,501 |
301,484 |
27% |
Profit after Taxation |
1,100,171 |
850,445 |
29% |
Earnings per share – Rs |
10.64 |
8.22 |
29% |
Amounts in PKR ‘000
The complete statements can be accessed here.