Atlas Honda Limited’s financial results for the three months ended June 30, 2013 : AsiaNet-Pakistan

Atlas Honda Limited’s financial results for the three months ended June 30, 2013

July 31, 2013 | Financial Results | Share:

Karachi, July 31, 2013 (PPI-OT): We have to inform you that the Board of Directors of our company in their meeting held on Wednesday July 31, 2013 at 10:00 a.m. at 2nd Floor Federation House, Shahra-e-Firdousi Clifton, Karachi have approved the financial statements of Atlas Honda Limited (ATLH) for the Three months ended June 30, 2013.

The financial results of the Company are as follows:

                                                        Three months period ended
                                                                 June 30,
                                                         2013              2012
                                                             (Rupees in ‘000)

Sales                                                 10,759,975        10,060,181
Cost of sales                                         (9,675,412)       (9,212,038)
                                                      ----------        ----------
Gross profit                                           1,084,563           848,143
Sales and marketing expenses                            (317,419)         (305,032)
Administrative expenses                                 (106,325)          (92,759)
Other operating income                                    73,250            69,085
Other operating expenses                                 (51,870)          (56,133)
                                                      ----------        ----------
Profit from operations                                   682,199           453,304
Finance cost                                              (3,190)           (3,166)
                                                      ----------        ----------
Profit before taxation                                   679,009           480,138
Taxation                                                (190,114)         (129,685)
                                                      ----------        ----------
Profit after taxation                                    488,895           350,453
                                                      ----------        ----------
Earnings per share-basic and diluted                        4.73              3.39
                                                      ----------        ----------

No interim dividend has been declared.

We will send you 300 copies of printed accounts for distribution amongst the members of the Exchange in due course of time.

For more information, contact:
Tanvir Hyder
Company Secretary
Atlas Honda Limited
Karachi Plant,
F- 36, Estate Avenue, S.I.T.E.
Ph: (92-21) 2575561-65
Fax: (92-21) 2583758

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Category: Financial Results