Honda Atlas records 163% surge in profit
Recommends final cash dividend of Rs4.52 per share
Atlas Honda reports an EPS of Rs4.11 in the second quarter (2QFY15). PHOTO: FILE
KARACHI:
Honda Atlas Cars Pakistan has reported a 163% surge in profit to Rs1.79 billion for the year ended March 31, 2021 on back of increase in car sales.
The company had announced an after-tax profit of Rs681.7 million in the same period of the previous year, according to notice sent to the Pakistan Stock Exchange on Tuesday.
Earnings per share jumped to Rs12.56 in the period under review from Rs4.77 in the previous year. The company board also recommended a final cash dividend of Rs4.52 (45.2%) per share for the year ended March 31, 2021, as compared to with Re1 per share (10%) declared last year.
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At the trading on Tuesday, the Wyeth share jumped by Rs89.59 to close at Rs1,284.18. AFP/File
KARACHI: Wyeth Pakistan Ltd, a listed company on the pharmaceutical sector, informed the Pakistan Stock Exchange on Tuesday that the parent company, Wyeth LLC, USA resolved to consider purchase of shares from all minority security holders in order to increase its ownership and de-list the company.
Wyeth LLC, USA currently holds 40.55 per cent shareholding in Wyeth Pakistan.
The company observed that the shares held by Wyeth Holdings LLC, previously Wyeth Holdings Corporation, USA being an affiliate of Wyeth LLC would continue to hold securities and shares in the de-listed entity. The company made the disclosure of the price sensitive information under rule 5.13 of Voluntary Delisting Rules of the PSX.