KARACHI: Honda Atlas Cars Pakistan Ltd posted earnings of Rs446 million for its third quarter ending on Dec 31, 2021, down 41 per cent from a year ago, a stock filing said on Monday.

“Earnings remained lower than expectations primarily due to lower-than-expected gross margins,” said Topline Securities.

Although net profit went down 53pc on a quarterly basis, revenue was up 14pc over the same period. On an annual basis, the company’s topline expanded 67pc to Rs29.5 billion in the three-month period, an increase which the brokerage said was in line with its expectation.

Published in Dawn, January 26th, 2022

Opinion

Editorial

Outlawing torture
Updated 26 Jun, 2022

Outlawing torture

Physical or psychological torture is now considered almost a given in police and intelligence investigations.
High-profile case
Updated 26 Jun, 2022

High-profile case

IN a ‘breaking news’ culture, it is not often that such a significant development in a high-profile case can be...
Daska redux?
26 Jun, 2022

Daska redux?

AS the clock ticks down on the by-elections scheduled for next month on recently vacated Punjab Assembly seats,...
Taxing corporates
Updated 25 Jun, 2022

Taxing corporates

The steps taken by the government are reflective of the extremely sorry state of our economic affairs.
Poll security
25 Jun, 2022

Poll security

AS local government elections in Sindh as well as a raft of by-polls for the national and provincial assemblies draw...
Polio concerns
25 Jun, 2022

Polio concerns

THE fact that vaccine-derived poliovirus has been detected in London’s sewage samples for the first time in 40...