Honda Atlas Cars (Pakistan) Limited’s financial results for half year ended September 30, 2011

Karachi: This is to inform you that Board of Directors of the company in their meeting held at 11:00 am on Friday, November 25, 2011 at our factory has approved the accounts for the half year ended Sept 30, 2011 along with limited review report by auditors.

The financial results of the company are as follows:

 

Rupees in 000

July – September

April – September

2011

2010

2011

2010

Sales  6,053,399 5,022,991 10,665,090 10,660,160
Cost of sales (5,839,356) (4,966,866)  (10,393,887)  (10,517,916)
 ——— ——— ———-  ———-
Gross profit 214,043 56,125 271,203 142,244
Distribution and marketing cost (34,213)  (42,600)  (60,927) (74,579)
Administrative expenses (44,828)  (46,522) (81,916)  (82,933)
Other operating income 83,699 32,055 142,239 50,644
Other operating expenses (83,015) (30,796)  (119,068)  (87,489)
 ——— ——— ———- ———-
 (78,357) (87,863)  (119,672) (194,357)
 ———  ——— ———-  ———-
Profit / (loss) from operations 135,686  (31,738)  151,531  (52,113)
Finance cost (22,281)  (36,637)  (54,215) (76,393)
——— ———  ———-   ———-
Profit / (loss) before taxation 113,405 (68,375) 97,316   (128,506)
Taxation  (89,441) 12,818 (124,451) (27,935)
 ——— ——— ———- ———-
Profit / (loss) after taxation 23,964 (55,557)  (27,135)  (156,441)
 ———  ——— ———-  ———-
Earnings / (loss) per
share – basic and diluted   Rs. 0.17 (0.39) (0.19)  (1.10)

 

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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