Honda Atlas Cars (Pakistan) Limited’s financial results for the quarter ended June 30, 2011

Honda Atlas Cars (Pakistan) Limited’s financial results for the quarter ended June 30, 2011

Karachi: This is to inform you that the Board of Directors of the company in their netting held at 11:00 a.m. on Tuesday, July 26, 2011 has approved the un-audited accounts for the first quarter ended June 30, 2011.

The financial results for the quarter are as follows:

Rupees in 000s

April

June

2011

2010

Sales 4,611,691 5,637,169
Cost of sales (4,554,531) (5,551,050)
——— ———
Gross profit 57,160 86,119
Distribution and marketing costs (26,714) (31,979)
Administrative expenses (37,088) (36,411)
Other operating income 58,540 18,589
Other operating expenses (36,053) (56,693)
——— ———
(41,315) (106,494)
——— ———
Profit / (1oss) from operations 15,845 (20,375)
Finance cost (31,934) (39,756)
——— ———
Loss before taxation (16,089) (60,131)
Taxation (35,010) (40,753)
——— ———
Loss after taxation (51,099) (100,884)
    ——— ———
Loss per share – basic and diluted (Rupees) (0.36) (0.71)

 

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).
Tel: +9242 35871100-09
Fax: +9242 35877711-12
Web: www.hoda.com.pk

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