Honda Atlas Cars (Pakistan) Ltd said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 3.37 Pakistani rupees per share, compared with the S&P Capital IQ consensus estimate of 3.09 rupees per share.
EPS climbed year over year from 42 paisa.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 480.3 million rupees, an increase from 61.4 million rupees in the prior-year period.
The normalized profit margin rose to 5.9% from 0.6% in the year-earlier period.
Total revenue decreased 22.7% year over year to 8.09 billion rupees from 10.47 billion rupees, and total operating expenses declined 29.4% year over year to 7.32 billion rupees from 10.36 billion rupees.
Reported net income totaled 586.5 million rupees, or 4.11 rupees per share, compared to a loss of 13.2 million rupees, or a loss of 9 paisa per share, in the prior-year period.
As of Nov. 28, US$1 was equivalent to 101.80 Pakistani rupees.
