Atlas Honda Limited (ALTH), a prominent motorcycle manufacturer in Pakistan, witnessed a substantial surge in its first-quarter profit after tax (PAT) for the fiscal year 2023-24, with a remarkable 152% year-on-year increase.
According to financial reports released on the Pakistan Stock Exchange (PSX), the company reported an after-tax profit of Rs1.956 billion during July-September 2023, a significant rise from Rs777.028 million during the same period the previous year.
Consequently, the earnings per share (EPS) for 1QFY24 stood at Rs15.77, as opposed to Rs6.26 in the corresponding period last year. The Board of Directors also declared an interim cash dividend of Rs17 per share, equal to 170%, for the half-year ending in September 2023.
According to financial reports released on the Pakistan Stock Exchange (PSX), the company reported an after-tax profit of Rs1.956 billion during July-September 2023, a significant rise from Rs777.028 million during the same period the previous year.
Consequently, the earnings per share (EPS) for 1QFY24 stood at Rs15.77, as opposed to Rs6.26 in the corresponding period last year. The Board of Directors also declared an interim cash dividend of Rs17 per share, equal to 170%, for the half-year ending in September 2023.