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Atlas Honda Limited’s financial results for the half year ended September 30, 2011

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Karachi: We have to inform you that the Board of Directors of Atlas Honda Limited (ATLH) in their meeting held at 11:30 a.m. on Monday, November 28, 2011 have approved the financial statements of Atlas Honda Limited for the Half Year Ended September 30, 2011, which have been subjected to limited scope review by the external auditors.

The financial results of the Company are as follows:

 

Quarter ended

Half year ended

July to September

April to September

2011

2010

2011

2010

(Rupees in 000′s)

SALES9,646,6187,436,520 19,435,00115,457,814
COST OF SALES(8,972,008)(6,914,625)(18,073,333)(14,317,816)
———- ———-———-———-
GROSS PROFIT 674,610521,8951,361,6681,139,998
DISTRIBUTION COST(231,128)(175,729)(460,990)(405,395)
ADMINISTRATIVE EXPENSES(87,362)(68,830)(173,185)(144,487)
OTHER OPERATING INCOME61,51372,446151,650156,008
OTHER OPERATING EXPENSES(29,179)(22,801)(61,280) (48,558)
———- ———-———-———-
388,454326,981817,863697,566
FINANCE COST(1,056)(25,704)(4,724) (55,643)
 ———- ———-———-———-
PROFIT BEFORE TAX387,398301,277813,139641,923
TAXATION(110,310)(94,595)(235,375)(210,415)
———-———-———-———-
PROFIT AFTER TAX277,088206,682577,754431,508
———- ———-———-———-
BASIC / DILUTED EARNINGS PER SHARE – RS.3.852.878.036.00

 

No interim dividend has been declared.

For more information, contact:
Rashid Amin
Company Secretary
Atlas Honda Limited
Lahore Office: 1-McLoad Road,
Lahore.
Phones: (92-42)722-5015-17
Fax: (92-42)723-3518

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