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Karachi, May 21, 2013 (PPI-OT): The financial results for the year ended March 31, 2013 which were sent ear1ier after Board meeting today at 12:30 p.m. in which cash dividend has been mistakenly mentioned as Rs. 0.25/- per share i.e. 2.5% instead of Rs. 0.30/- per share i.e. 3%.
We regret for this typographical mistake and do not have any mala fide intention behind that.
We are enclosing the revised financial results after the correction.
We feel very sorry for the inconvenience caused.
Financial Results for the Year Ended March 31, 2013
This is to inform you that the Board of Directors of the company in their meeting held on Tuesday, May 21, 2013 at 11:00 a.m. has approved the audited accounts for the year ended March 31, 2013 and recommended the following:
Cash Dividend
A final cash dividend for the year ended March 31, 2013 at Rs. 0.30/- per share i.e. 3%.
The financial results for the year are as follows:
Rupees in thousand
For the year ended
March 31, 2013 March 31, 2012
Sales 30,274,604 16,599,608
Cost of sales (28,827,522) (16,643,607)
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Gross Profit/ (loss) 1,447,082 (43,999)
Distribution and marketing costs (218,707) (130,550)
Administrative expenses (201,908) (158,943)
Other operating income 213,434 204,456
Other operating expenses (524,417) (217,842)
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(731,298) (302,879)
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Profit/ (loss) from operators 715,784 (346,878)
Finance cost (190,967) (151,926)
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Profit / (loss) before taxation 524,817 (498,804)
Taxation (280,530) (33,409)
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Profit/ (loss) after taxation 244,287 (532,213)
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Earning / (loss) per share - basic and diluted (Rupees) 1.71 (3.73)
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The Annual General Meeting of the company will be held at 10:30 a.m. Thursday, June 27, 2013 at Park Plaza Hotel, Lahore.
The share transfer books of the company will remain closed from June 17, 2013 to June 27, 2013 (both days inclusive).
We shall be sending you 300 copies of Audited 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