Atlas Engineering posts Rs 36.144 million after tax profit

KARACHI (September 08 2010): Atlas Enginee-ring Limited posted Rs 36.144 million profit after tax in the year ended on June 30, 2010 (FY10) as compared to after tax loss of Rs 47.467 million recorded in FY09. The board of directors of the company in its meeting held here on Tuesday declared company’s earning per share of Rs 1.46 in the period under review against loss per share of Rs 3.33 a year back.

According to the financial results sent to Karachi Stock Exchange (KSE), the company’s sales increased to Rs 1.529 billion in FY10 against Rs 1.135 billion in FY09. The cost of goods sold increased to Rs 1.341 billion against Rs 1.070 billion. The company posted Rs 58.062 million as profit before tax in FY10 against before tax loss of Rs 59.274 million in FY09.   -Brecorder