Atlas Honda Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 28, 2019.
The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2019 which portrayed a profit of Rs. 570,496 with earnings per share 4.60 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from December 20, 2019 to December 26, 2019 (both days inclusive).
The announcement is available at:
Atlas Honda Limited was incorporated as a public limited company on October 16, 1962 under the Companies Ordinance, 1984. The company is principally engaged in the manufacturing and marketing of motorcycles and spare parts. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Lahore. The manufacturing and assembling facilities of the company are located at Karachi and Sheikhupura, with branches, warranty and training centres and other offices are located at Karachi, Hyderabad, Multan, Lahore, Rahim Yar Khan and Rawalpindi.
The company is a joint venture between the Atlas Group and Honda Motor Co. Ltd., Japan. The company was created by the merger of Panjdarya Limited and Atlas Autos Ltd. in 1988. Both these motorcycle manufacturing concerns were established by the Atlas Group. In addition, a third concern, Atlas Epak Ltd. was taken over by the Government of Bangladesh in 1971 after the fall of Dhaka. The company has a network of over 1600 sales service and spare parts dealers established within the country. Atlas has Warranty and Training Centers in Karachi and Lahore which provide several courses of varying duration and complexity for motorcycle mechanics and users each year.
The membership of industry and associations are with the Pakistan Automotive Manufacturers Association, Marketing Association of Pakistan, Management Association of Pakistan, Lahore Chamber of Commerce & Industry, Sheikhupura Chamber of Commerce & Industry, Overseas Chamber of Commerce & Industry and Karachi Chamber of Commerce & Industry.
The symbol "ATLH" is being used by the stock exchanges for the shares of Atlas Honda Limited.
© Pakistan Press International, source Asianet-Pakistan