Atlas Honda will expand its production as profits increased by more than 24%.
Atlas Honda Limited earned the profit of Rs. 4.66 billion in the financial year that came to end in March 2018. However, it is 24.27% higher than the last year’s profit that was Rs. 3.75 billion. In addition, Earning Per Share is also increased from Rs. 36.29 to Rs. 45.10. Final Cash Dividend of Rs 27 for each share was also announced.
The organization’s business developed to Rs 77.47 billion, up by 20.05% from Rs 64.53 billion amid the prior year. The gross benefit of the organization expanded to Rs 8.29 billion, up from Rs 6.77 billion, It sold more than 1,117,260 units (Two wheelers), up 12.83% from 990,246 units in the comparing earlier year which contributed greatly to the deals.
Deals have developed on the back of a solid interest for modest transportation in quick urbanizing urban communities and towns. The tenacious surge in nearby and imported motorbikes is the indication of growing demands of motorcycles in Pakistan.
The offer of Honda’s 70cc motorcycle, in organization’s general sales, extends between 42-45% took after by 40% piece of the pie by 125cc. In May a year ago, Atlas Honda additionally propelled a 150cc motorbike with a sticker price of Rs 160,000, focusing on the top of the line portion of the market.
Atlas Honda Limited Development Plan
Alongside the outcome, they additionally reported a venture get ready for the extension of its motorcycle business in Pakistan.
The top managerial staff of the organization endorsed a two-year expansion plan to expand the production to 1.5 million units for each annum. The estimated cost of the project is USD 15 million.