Karachi, Atlas Honda Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on July 30, 2021.
The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2021 which portrayed a profit of Rs. 1,333,566 with earnings per share 10.75 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Atlas Honda Limited is a Public Limited Company, it was incorporated in Pakistan on October 16, 1962. The Company is engaged in the manufacturing and marketing of motorcycles and spare parts. The registered office of the Company is located in Lahore. The Company has five branch office all over the Pakistan to provide its services.
The Company currently has a production capacity of over 1.35 million units per annum and continues to maintain its status as market leader both in terms of volume and quality. It also exports its motorcycles and spare parts to Bangladesh and Afghanistan.
The total numbers of shares of the Company are 124,087,935. The Earnings per shares of the Company are 28.97 in 2021 which was 24.81 in 2020. The Profit after Taxation is Rs. 3,594,798,000 in 2021 which was Rs. 3,078,400,000 in 2020.