Honda Atlas Cars result preview FY12
HCAR is set to announce its FY12 results on May 14, 2012. HCAR continues to pass through hard times owing to increase in cost of production and higher dependency on imported raw material. During the last quarter (Jan-Mar) 2012, Flood in Thailand restricted the supply of parts from Honda Thailand and the company stopped its production during the period. Therefore, the company is expected to post a Loss after Taxation of Rs323mn (LPS Rs2.26) in FY12 as compared to loss of Rs298mn (LPS Rs2.09) in the same period last year. During the period under review, volumetric unit sales down by a massive 31% YoY to 11.4k units, the company sold 4.96k units of Civic (-29%YoY) and 6.4k units of City (-32% YoY) during the said period.