In the fiscal year 2023-24, Atlas Honda Limited (ALTH), a leading motorcycle manufacturer in Pakistan, experienced a remarkable 152% year-on-year increase in its first-quarter after-tax profit (PAT).
As per financial reports disclosed on the Pakistan Stock Exchange (PSX), the company’s after-tax profit for July-September 2023 surged to Rs1.956 billion, a substantial rise from the previous year’s Rs777.028 million during the same period.
Consequently, the earnings per share (EPS) for the first quarter of FY24 reached Rs15.77, contrasting with Rs6.26 in the corresponding period of the previous year. The Board of Directors has also announced an interim cash dividend of Rs17 per share, equivalent to 170%, for the half-year concluding in September 2023.
