Atlas Honda Limited’s financial results for the first quarter ended June 30, 2011

Atlas Honda Limited’s financial results for the first quarter ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of Atlas Honda Limited (ATLH) in their meeting held at 11:00 a.m. on Thursday, July 28, 2011 have approved the unaudited financial statements of Atlas Honda Limited for the 1st Quarter Ended June 30, 2011.

 

The financial results of the company are as follows:

 

Quarter ended

April to June

2011

2010

(Rupees in ‘000′s)

Sales 9,788,383 8,021,294
Cost of Sales (9,101,325) (7,403,191)
———– ———–
Gross Profit 687,058 618,103
Distribution Cost (229,862) (229,666)
Administrative Expenses (85,823) (75,657)
Other Operating Income 90,137 83,562
Other Operating Expenses (32,101) (25,757)
———– ———–
Profit from Operations 429,409 370,585
Finance Cost (3,668) (29,939)
———– ———–
Profit before Tax 425,741 340,646
Taxation (125,065) (115,820)
———– ———–
Profit after Tax 300,676 224,826
———– ———–
Basic Earnings per Share – Rs. 4.18 3.13

 

No interim dividend has been declared.

For more information, contact:
Rashid Amin
Company Secretary
Atlas Honda Limited
F-38, Estate Avenue, S.I.T.E,
Tel: +9221 2575581-5
Fax: +9221 2563758

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