Atlas Honda Limited has posted Rs 1.170 billion as profit after tax in the quarter ended December 31, 2017 as compared to Rs 1.000 billion earned in the corresponding period in 2016. The board of directors of the company in its meeting held on Wednesday declared that earning per share surged to Rs 11.32 in the period under review against Rs 9.68 in the same period a year back.

According to financial results, the company's sales increased to Rs 19.594 billion in this quarter against Rs 17.236 billion in the same quarter in previous year while the cost of sales increased to Rs 17.478 billion against Rs 15.436 billion.

The company's profit before taxation increased to Rs 1.596 billion in this quarter against Rs 1.360 billion in the same quarter in 2016. Cumulatively, the company's profit after tax increased to Rs 3.412 billion translating per share earning of Rs 33.00 in nine months period ended December 31, 2017 as compared to PAT of Rs 2.711 billion with EPS of Rs 26.22 in the same period in 2016.

Copyright Business Recorder, 2018