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

Sales4,611,6915,637,169
Cost of sales(4,554,531)(5,551,050)
——————
Gross profit57,16086,119
Distribution and marketing costs(26,714)(31,979)
Administrative expenses(37,088)(36,411)
Other operating income58,54018,589
Other operating expenses(36,053)(56,693)
——————
(41,315)(106,494)
——————
Profit / (1oss) from operations15,845(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