Financial results of Agritech Limited for Quarter ended June 30, 2021

Karachi, Agritech Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on August 27, 2021.

The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2021 which portrayed a loss of Rs. 686,336,346 with loss per share 1.75 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Agritech Limited was incorporated in 1959. The principal business of the Company is production and sale of Urea and Granulated Single Super Phosphate fertilizer. The shares of Agritech Limited Pakistan are quoted in Pakistan Stock Exchange, and used the symbol “AGL” for the shares of the Company.

The total number of shares the company has issued so far are 392,430,000 where the Earnings Per Share in 2020 is (10.95) which was (1.66) in 2019. The Company had a loss of Rs. 4,296,900,000 in 2020 compared to a loss of Rs. 652,777,000 in 2019