Approval of Budget of Agriauto Industries Limited

Karachi, Agriauto Industries Limited informed Pakistan Stock Exchange that the Board of Directors of the Company in their meeting held on June 28, 2021 has approved the Annual Budget of the Company for the financial year 2021-2022.

Agriauto Industries Limited is a Public Limited company, was incorporated in Pakistan on June 25, 1981. The Company is automotive components manufacturers in the private sector and also they acquire TS16949 certification.

The Company is engaged in the business of manufacturing and sailing of components for automotive vehicles, motor cycles and agricultural tractors.

The total number of shares they issued are 28,800,000. Earning Per Shares in 2020 is (1.03) which was 20.94 in 2019. The Net Profit Margin percentage has also decreased in 2020 and is (0.79%) which was 8.47% in 2019.