KARACHI: Gross sales of Honda Atlas Automobiles Ltd (HACL) soared by fifty seven.5 per cent to Rs65.7 billion throughout April to December 2017, from Rs41.7bn in the identical interval of 2016.
Nevertheless, gross sales in October-December 2017 surged by 38.7pc to Rs21.8bn from Rs15.7bn within the corresponding interval in 2016.
Revenue after tax in April-December 2017 stood at 5.12bn as in comparison with Rs4bn in corresponding interval 2016. The corporate reported Rs1.4bn revenue after tax in October-December 2017 as towards Rs1.5bn in the identical interval 2016, indicating a slight fall in third quarter.
Throughout 9 months of the advertising yr 2018, the earnings per share (EPS) rose to Rs35.9 towards Rs28.12 a yr in the past.
Gross sales of Honda Civic, Metropolis and BRV have been going brisk owing to an increase in demand. The corporate’s different working revenue within the first 9 months of selling yr 2019 rose to Rs1.4bn. Within the third quarter of selling yr 2018, the HACL reported different working revenue of Rs460m in comparison with Rs312m in corresponding interval in 2016.
Though, revenues have been up 39pc, gross income solely rose by 4pc as gross margins shrunk three.forty six proportion factors to 10.45pc. A automotive analyst attributed this to growing metal costs. Margins have been hampered by reductions given by the corporate on its BRV variants to its sellers.
The rupee’s fall towards the greenback and the yen didn’t have any vital impression on firm’s profitability as a result of nature of provider contracts.
The corporate had raised costs of its variants with impact from January 2018 by 2pc to move on the impression of devaluation and different value to the shoppers.
Revealed in Daybreak, January twenty fourth, 2018
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