Result: Honda Atlas curtails losses

KARACHI: Losses of Honda Atlas Cars decreased 65 per cent to Rs298 million for the year ended March 31, 2011 against Rs852 million posted in the same period last year.

The third largest automobile maker’s net sales increased 39 per cent to Rs22 billion against Rs15.9 billion last year. Moreover, finance cost of the company decreased sharply to Rs152 million from the preceding year’s Rs455 million.

Atlas Honda Cars (Pakistan) Limited is a joint venture between Honda Motor Company Limited, Japan and Atlas Group of Companies, Pakistan.

Published in The Express Tribune, May 17^th, 2011.