Honda Atlas profit jumps 10% to Rs1.62b

RajaRawal111

Prime Minister (20k+ posts)
1565869-hondacrzphotohondaatlas-1511414822-410-640x480.jpg


Honda Atlas Cars posted a net income of Rs1.62 billion in the second quarter ended September 31, up 10% compared with Rs1.47 billion in the same period last year, according to a company notice sent to the Pakistan Stock Exchange (PSX) on Wednesday.

“This was below expectations because despite strong volumetric growth, margins have shrunk and this is more significant,” a Topline Securities report commented.Earnings per share (EPS) increased to Rs11.33 from an EPS of Rs10.32 in the period under review. This takes the six-month (Apr-Sep) profit to Rs3.7 billion (or an EPS of Rs25.94), up 47% compared with Rs2.52 billion (or an EPS of Rs17.67).

The KSE-100 index closed at 40,591, up 43 points or 0.11% on Wednesday. Honda’s share closed at Rs559.54, down 3.88%.
In the second quarter (Jul-Sep) of fiscal year 2017-18, Honda’s net sales grew 48% year-on-year due to strong volumetric growth in sales volumes during the period, with Honda City (lower priced car) capturing more of the sales mix, the report added.

The company sold 2,070 BRV units in outgoing quarter while total unit sales of 12,604 were up 56% year-on-year.
Although sales were up 48%, gross profits rose by 9% only as gross margins shrunk 4.3 percentage points to 11.8% compared with 16.2% last year.

Margins decreased due to higher portion of low margin variants (BRV & City). While rising steel prices (cold-rolled coils – CRC – prices up 33% during the period) also added to costs.

Other operating income also increased 116% year-on-year in Jul-Sep FY18 due to increased customer advances backed by healthy bookings for the City and BRV.However, further growth in profit was hampered by imposition of super tax where effective tax rate rose to 38% compared with 36% last year.

During the first six months, net sales have grown 69% year-on-year driven by sales of 23,642 units, up 56% year-on-year. However, margins declined from 16% to 13% due higher costs and higher sales of low margin variants.

Published in The Express Tribune, November 23[SUP]rd[/SUP], 2017.

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RajaRawal111

Prime Minister (20k+ posts)
ہے تو یہ بھی ایک اکنامک انڈیکٹر پر چلو ادھر بھی اپنا بین شروع کر دو


ہاےےے موتان بار کھلوتیاں - ہاےےے پکھے مرن لگے اں - وغیرہ وغیرہ

 

arafay

Chief Minister (5k+ posts)
Insaan ghareeb ho per jahil na ho. Is report mein wazeh tor pe likha hua ha ke Honda ki performance expectations se kam rahi jiski waja se honda ke share price bhi drop hui.

“This was below expectations because despite strong volumetric growth, margins have shrunk and this is more significant,” a Topline Securities report commented. Honda’s share closed at Rs559.54, down 3.88%.

Although sales were up 48%, gross profits rose by 9% only as gross margins shrunk 4.3 percentage points to 11.8% compared with 16.2% last year.
Margins decreased due to higher portion of low margin variants (BRV & City). While rising steel prices (cold-rolled coils – CRC – prices up 33% during the period) also added to costs.
 

RajaRawal111

Prime Minister (20k+ posts)
نسان جاہل ہو پر پرلے درجے کا بے ایمان نہ ہو - کیوں کہ بے ایمانی سے اپنے عمرانی بحر الجہل کے سارے کے سارے ڈڈو ں کو ٹرانے پر لگا دیتا ہے


یہ خبر ہندو بنیے کی سے ذہنیت رکھتی ہے جس میں اگر منافع اتنا نہ ہو جس کی توقع کی جا رہی تھی تو اس کو نقصان کھا جاتا ہے
آنکھلیں کھول کر دیکھو - رولڈ سٹیل کی قیمت بڑھنے سے توقع سے کم منافع ہوا ہے - سیلز کا حجم بڑھا ہے - پر کتھوں - ڈڈو ں کو ٹرانے سے کام اصل حقیقت سمجھنے سے کیا غرض


Insaan ghareeb ho per jahil na ho. Is report mein wazeh tor pe likha hua ha ke Honda ki performance expectations se kam rahi jiski waja se honda ke share price bhi drop hui.

“This was below expectations because despite strong volumetric growth, margins have shrunk and this is more significant,” a Topline Securities report commented. Honda’s share closed at Rs559.54, down 3.88%.

Although sales were up 48%, gross profits rose by 9% only as gross margins shrunk 4.3 percentage points to 11.8% compared with 16.2% last year.
Margins decreased due to higher portion of low margin variants (BRV & City). While rising steel prices (cold-rolled coils – CRC – prices up 33% during the period) also added to costs.
 

RajaRawal111

Prime Minister (20k+ posts)
This is the economic indication not the class difference presentation. .
In case some philosophers try to put it as the growth of riches of the rich, I just found a very good articles for the middle class growth as well.


[h=1]Pakistan's Growing Middle Class Drives Motorcycle Sales Boom[/h]


[FONT=&quot]Pakistan's fiscal year 2015-16 saw production of motorcycles soar to a new high of over 2 million units. This represents a 16.5% surge from last year. At the same time, passenger cars and light trucks sales rose to over 200,000 in fiscal 2016, a 20% jump over the same period last year.[/FONT]
[FONT=&quot][/FONT]
[FONT=&quot]Motorcycle Sales:[/FONT]
[FONT=&quot]Rising motorcycle sales in Asia's developing nations like Pakistan are seen as a barometer of expanding middle class. It is, in part, attributed to rising incomes and availability of bank financing at historic low interest rates in the country.[/FONT]
[FONT=&quot]As many as 2,071,123 motorcycles were manufactured during July-June (2015-16) compared to 1,777,251 units during July-June (2014-15), according to the latest data released by Pakistan Bureau of Statistics (PBS) and reported by Pakistani media.[/FONT]
[TABLE="class: tr-caption-container, align: center"]
[TR]
[TD]
[/TD]
[/TR]
[TR]
[TD="class: tr-caption"]Pakistan is the World's Sixth Largest Motorcycle Market
[/TD]
[/TR]
[/TABLE]
[FONT=&quot]Car Sales:[/FONT]
[FONT=&quot]In addition to the double digit increase in motorcycle sales, Pakistan also experienced 20% jump in sales of passengers cars, light commercial vehicles (LCVs), vans and jeeps. The total sales of local vehicles increased by 21% to 216,568 as compared to 179,953 units sold in FY15, according to industry data.[/FONT]
[FONT=&quot]Auto Parts Industry:[/FONT]
[FONT=&quot]Rising auto and motorcycle sales are helping boost Pakistan's auto parts industry as well. “We are getting orders and the pace is increasing,” said Sultan and Kamil International CEO Faisal Mahmood speaking to Pakistani media on the sidelines of the 12th Pakistan Auto Show 2016 held at the Lahore International Expo Centre. Mahmood’s company makes more than 350 automotive parts and exports to all major automobile markets in the world.[/FONT]
[FONT=&quot]Other Growth Industries:[/FONT]
[FONT=&quot]Among other industries seeing significant growth are pharmaceuticals (6.54%), cement (17.01%), chemicals (8.13%), non metallic mineral products (10.02%), fertilizers (13.81%), leather products (7.76%) and rubber products (7.16%), according to media reports.[/FONT]
[FONT=&quot]Summary:[/FONT]
[FONT=&quot]Pakistan's economic recovery is in full swing with double digit growth in multiple industries, including auto, pharma, chemicals, cement, fertilizers, minerals, etc. It is expected to pick up steam over the next several years with new investments on the back of China-Pakistan Economic Corridor related projects.[/FONT]
[FONT=&quot]
Source: http://www.pakalumni.com/profiles/blogs/pakistan-s-growing-middle-class-drive-motorcycle-sales-boom[/FONT]
 

akmal1

Chief Minister (5k+ posts)
This is the economic indication not the class difference presentation. .
In case some philosophers try to put it as the growth of riches of the rich, I just found a very good articles for the middle class growth as well.


Pakistan's Growing Middle Class Drives Motorcycle Sales Boom




[FONT=&amp]Pakistan's fiscal year 2015-16 saw production of motorcycles soar to a new high of over 2 million units. This represents a 16.5% surge from last year. At the same time, passenger cars and light trucks sales rose to over 200,000 in fiscal 2016, a 20% jump over the same period last year.[/FONT]
[FONT=&amp][/FONT]
[FONT=&amp]Motorcycle Sales:[/FONT]
[FONT=&amp]Rising motorcycle sales in Asia's developing nations like Pakistan are seen as a barometer of expanding middle class. It is, in part, attributed to rising incomes and availability of bank financing at historic low interest rates in the country.[/FONT]
[FONT=&amp]As many as 2,071,123 motorcycles were manufactured during July-June (2015-16) compared to 1,777,251 units during July-June (2014-15), according to the latest data released by Pakistan Bureau of Statistics (PBS) and reported by Pakistani media.[/FONT]
[TABLE="class: tr-caption-container, align: center"]
[TR]
[TD][/TD]
[/TR]
[TR]
[TD="class: tr-caption"]Pakistan is the World's Sixth Largest Motorcycle Market[/TD]
[/TR]
[/TABLE]
[FONT=&amp]Car Sales:[/FONT]
[FONT=&amp]In addition to the double digit increase in motorcycle sales, Pakistan also experienced 20% jump in sales of passengers cars, light commercial vehicles (LCVs), vans and jeeps. The total sales of local vehicles increased by 21% to 216,568 as compared to 179,953 units sold in FY15, according to industry data.[/FONT]
[FONT=&amp]Auto Parts Industry:[/FONT]
[FONT=&amp]Rising auto and motorcycle sales are helping boost Pakistan's auto parts industry as well. “We are getting orders and the pace is increasing,” said Sultan and Kamil International CEO Faisal Mahmood speaking to Pakistani media on the sidelines of the 12th Pakistan Auto Show 2016 held at the Lahore International Expo Centre. Mahmood’s company makes more than 350 automotive parts and exports to all major automobile markets in the world.[/FONT]
[FONT=&amp]Other Growth Industries:[/FONT]
[FONT=&amp]Among other industries seeing significant growth are pharmaceuticals (6.54%), cement (17.01%), chemicals (8.13%), non metallic mineral products (10.02%), fertilizers (13.81%), leather products (7.76%) and rubber products (7.16%), according to media reports.[/FONT]
[FONT=&amp]Summary:[/FONT]
[FONT=&amp]Pakistan's economic recovery is in full swing with double digit growth in multiple industries, including auto, pharma, chemicals, cement, fertilizers, minerals, etc. It is expected to pick up steam over the next several years with new investments on the back of China-Pakistan Economic Corridor related projects.[/FONT]
[FONT=&amp]
Source: http://www.pakalumni.com/profiles/blogs/pakistan-s-growing-middle-class-drive-motorcycle-sales-boom[/FONT]

واہ جی واہ
ہونڈا اٹلس کے مالک ملک کے غریب لوگ ہی تو ہیں
اور یہ تو ٧٠ سال میں پہلی دفعہ ہے کہ کسی کمپنی کو منافع ہوا ہے
اس سے پہلے جو منافع ہوتا رہا ہے وہ ملک کیلئے نقصان دہ تھا لیکن بس اسی منافع کا انتظار تھا
دوستو اسی سے غریب کی قسمت بدلے گی
اسی سے انقلاب آئے گا
 

akmal1

Chief Minister (5k+ posts)
چلو اوے ماتمیو یہ ایک اور تھریڈ بھی ہے - اس پر بھی اپنی ماتمی ٹیم لے کر جاؤ

https://www.siasat.pk/forum/showthread.php?594832-Honda-Atlas-profit-jumps-10-to-Rs1-62b

ہے تو یہ بھی ایک اکنامک انڈیکٹر پر چلو ادھر بھی اپنا بین شروع کر دو


ہاےےے موتان بار کھلوتیاں - ہاےےے پکھے مرن لگے اں - وغیرہ وغیرہ


RajaRawal111

Prime Minister (20k+ posts)

Baqi team khan he yar aap ki. Aap akeley aaj kyoon lugey hoowey ho me ne to sub ko been kurney ki daawat di thi.
 

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