Honda Atlas Cars (Pakistan) Limited’s financial results for the first quarter ended June 30, 2013 : AsiaNet-Pakistan

Honda Atlas Cars (Pakistan) Limited’s financial results for the first quarter ended June 30, 2013

July 26, 2013 | Financial Results | Share:

Karachi, July 26, 2013 (PPI-OT): This is to inform you that the Board of Directors of the company in their meeting held at 11:00 am on Friday, July 26, 2013 has approved the un-audited accounts for the first quarter ended June 30, 2013.

The financial results for the quarter are as follows:

                                                                         Rupees in 000s
                                                                           April-June
                                                                    2013                 2012

Sales                                                            10,905,917            5,965,265
Cost of sales                                                   (10,078,566)          (5,863,079)
                                                                 ----------            ---------
Gross profit                                                        827,351              102,186
Distribution and marketing costs                                    (74,581)             (40,439)
Administrative expenses                                             (44,417)             (40,946)
Other operating income                                               82,243               12,598
Other operating expenses                                           (124,664)            (207,536)
                                                                 ----------            ---------
                                                                   (160,819)            (276,323)
                                                                 ----------            ---------
Profit/ (loss) from operations                                      666,532             (174,137)
Finance cost                                                        (13,654)             (75,397)
                                                                 ----------            ---------
Profit/ (loss) before taxation                                      652,878             (249,534)
Taxation                                                           (325,335)              28,509
                                                                 ----------            ---------
Profit/ (loss) after taxation                                       327,543             (221,025)
                                                                 ----------            ---------
Earnings / (loss) per share-basic and diluted   (Rupees)                2.29                (1.55)
                                                                 ----------            ---------

We shall be sending you 300 copies of Quarterly accounts for distribution amongst the members of the Exchange in due course of time.

For more information, contact:
Sardar Abid Ali Khan
Vice President and Company Secretary
Honda Atlas Cars (Pakistan) Limited
43-Km, Multan Road,
Manga Mandi, Lahore. (Pakistan)
Ph: (042) 35384671-80
Fax: (042) 35384691-92
Web: www.honda.com.pk

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Category: Financial Results