26/01/2022
Honda Atlas Cars’ profit dipped 40.68% to Rs445.9 million for October-December 2021 on the back of a surge in distribution and marketing costs and high other expenses.
According to a notice sent to the Pakistan Stock Exchange on Tuesday, the company had reported a profit of Rs751.8 million in the same period of 2020. Earnings per share of the company fell from Rs5.26 in October-December 2020 to Rs3.12 in the same quarter of 2021.
Net sales jumped from Rs17.6 billion in the October-December quarter of 2020 to Rs29.5 billion in October-December 2021, an increase of 67.36%.
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Earnings decline to Rs445.9m due to rise in distribution cost, other expenses