Pakistan Company News – Financial results of Honda Atlas Cars Pakistan Limited for Year ended March 31, 2018

Financial results of Honda Atlas Cars Pakistan Limited for Year ended March 31, 2018

Karachi, Honda Atlas Cars Pakistan Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on May15, 2018.

The agenda of the meeting was discussion of profit and loss account for year ended March 31, 2018 which portrayed a profit of Rs. 6,494,450 with earnings per share 45.48 basic and diluted respectively.

Further, 227.5% payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from June18, 2018 to June 28, 2018 (both days inclusive).

Honda Atlas Cars Pakistan Limited is a public limited company incorporated in Pakistan on November 4, 1992. The Company is a subsidiary of Honda Motor Company Limited, Japan. The principal activities of the company is assembling and progressive manufacturing and sale of Honda vehicles and spare parts. The Company commenced commercial production from July, 1994. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Lahore.

The symbol “HCAR” is being used by the stock exchange for the shares of Honda Atlas Cars.