Honda Atlas Cars (Pakistan) Ltd, one of the leading auto assemblers in the country reported a 90% drop in its full-year net profit, owing to an increase in expenses.

The post Profit for Honda Atlas Drops by 90% first appeared on CarSpiritPK and is written by News Desk.

The profit of Honda Atlas nosedived 82% to Rs 681.8 million for the year ended 31st March 2020 due to a steep decline in sales volume while finance cost remained sharply higher.

The post Honda Atlas Suffers from Massive 82% Decline in Profits first appeared on CarSpiritPK and is written by UsmanAnsari.

Honda posted its lowest operating profit in 4 years and refrained from releasing an earnings outlook for the current year because of uncertainty about the longer-term impact of the coronavirus on global car demand.

The post Honda Posts Its Lowest Operating Profit in 4 Years first appeared on CarSpiritPK and is written by UsmanAnsari.

Indus Motor Company (IMC) witnessed a 20% decline in profit to Rs 2.67 billion for the quarter ended 31st March 2020 in wake of reduced sales.

The post Indus Motor Company Sees 20% Decline in Profits first appeared on CarSpiritPK and is written by UsmanAnsari.

Indus Motor Company (IMC) reported a profit of Rs 985.8 million in the second quarter ended December 31, 2019. This is in contrast to the earnings of Rs 3.4 billion in the same period of 2018, rendering a 71% decline.

The post Indus Motor Company Suffers from 71% Profit Decline first appeared on CarSpiritPK and is written by UsmanAnsari.

Suzuki Motor Corporation reported an 11% fall in third-quarter operating profit to its lowest in roughly three years as vehicles sales in Japan, Pakistan and Thailand declined, while demand in India, its biggest market, stayed subdued.

The post Suzuki Global Posts 11% Decline in Q3 Profits first appeared on CarSpiritPK and is written by UsmanAnsari.

Honda Atlas has suffered from a 74% decline in profits to Rs 710.2 million in 9 months ended December 31, 2019 on the back of a massive drop in volumetric sales. The company had recorded earnings of Rs 2.68 billion in the same period of previous year, according to a notice sent to the Pakistan Stock Exchange (PSX).

The post Honda Atlas Profit Declined by 74% first appeared on CarSpiritPK and is written by UsmanAnsari.

Honda Atlas Cars’ profit dropped 51% to Rs 509.7 million in the quarter ended 30th September 2019 due to reduced sales and a significant decline in other operating income.

The post Honda Atlas Suffers from 51% Decline in Profits first appeared on CarSpiritPK and is written by UsmanAnsari.

The profit of Indus Motor Company (IMC) took a hit as company’s earnings declined 62.4% to Rs 1.32 billion in the quarter ended September 30, 2019 owing to worsening sales volumes.

The post Indus Motor Company Suffers From 62.4% Decline in Profits first appeared on CarSpiritPK and is written by UsmanAnsari.

Earnings of Indus Motor Company– the assemblers of Toyota cars in Pakistan dipped 13% to Rs 13.7 billion in the year ended June 30, 2019. The company had reported a profit of Rs 15.8 billion in the previous year, according to a notice sent to the Pakistan Stock Exchange (PSX) on Tuesday.

The post Indus Motor Company Posts 13% Profit Decline first appeared on CarSpiritPK and is written by UsmanAnsari.