Honda Atlas Cars’ profit down by 15% in 4QMY19 by Jamal Pasha – 820 views

According to the info, the agency despatched a notice to Pakistan Stock Exchange (PSX) and revealed that for the 4QMY19 it earned PKR 1.17 billion (income after tax) compared to PKR 1.37 billion inside the same length of the corresponding year. Moreover, on a cumulative basis for the MY19 profitability of Honda is down through forty one% YoY.

Now coming to the Earnings in keeping with proportion (EPS), the corporation mentioned PKR eight.18 eps in 4QMY19 in preference to PKR 9.62 within the same length of the previous year. Net income of the corporation also are down by means of 6% Year-on-Year to PKR 24.Sixteen billion due to an 18% lower in volumetric sales.Moving onwards, gross margins additionally collapsed due to rupee devaluation and lower sales of Civic. Just to provide you men a gist, the enterprise bought 2,310 devices of Civic and City in April 2019 whilst in April 2018, it sold four,half units. There is a huge lower of 43% within the income YoY.

Aside from depleting gross margins, the gross income for 4QMY19 is also down by way of 24% YoY.

Furthermore, Pak Suzuki Motor Company (PSMC) has additionally stated a massive drop inside the earnings for that reason beating a ten-12 months report all through the first quarter of the 12 months 2019. The car producer went through a lack of Rs.980 million.

That’s it from our aspect, drop your thoughts inside the remarks segment beneath.:

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