Honda Atlas Cars (Pakistan) Limited’s financial results for the first quarter ended June 30, 2012

Karachi, July 24, 2012 (PPI-OT): This is to inform you that the Board of Directors of the company in their meeting held at 11:00 a.m. on Tuesday, July 24, 2012 has approved the un-audited accounts for the first quarter ended June 30, 2012.

The financial results for the quarter are as follows:

April June

2012

2011

Sales

5,965,265

4,611,691

Cost of sales

(3,863,079)

(4,554,531)

————

————

Gross profit

102,186

57,160

Distribution and marketing costs

(40,439)

(26,714)

Administrative expenses

(40,946)

(37,088)

Other operating income

12,598

58,540

Other operating expenses

(207,536)

(36,053)

————

————

(276,323)

(41,315)

————

————

(Loss) / profit from operations

(174,137)

15,845

Finance cost

(73,397)

(31,934)

————

————

Loss before taxation

(249,534)

(16,089)

Taxation

28,509

(35,010)

————

————

Loss after taxation

(221,025)

(51,099)

————

————

Loss per share – basic and diluted(Rupees)

(1.55)

(0.36)

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