Honda Cars

Honda Cars posts Rs928 million quarterly profit after tax

Automotive

KARACHI: Honda Atlas Cars (Pakistan) Limited on Thursday declared Rs928 million as profit after tax for the quarter ended June 30, 2021 as compared with the loss of Rs511 million in the same quarter of the last year.

The financial results were presented before the board of directors on Thursday July 29, 2021. The board recommended no cash dividend, bonus shares and right shares.

The company declared Rs6.5 as earning per share as compared with loss per share of Rs3.58.

The sales of the company increased to Rs21.76 billion for the quarter ended June 30, 2021 as compared with Rs6.5 billion in the same quarter of the last year.

The car company announced gross profit of Rs1.59 billion for the quarter under review as compared with Rs54.22 million in the corresponding quarter of the last year.

Administrative expenses increased to Rs231 million for the quarter ended June 30, 2021 as compared with Rs147 million in the same quarter of the last year.

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