Financial results of Agro Allianz Limited for Quarter ended December 31, 2018

Karachi, Agro Allianz Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on January 10, 2022.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2018 which portrayed a profit of Rs. 503,260 with earnings per share 0.02 basic and diluted respectively.

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

Furthermore, the share transfer books of the company will remain closed from January 28, 2022 to February 03, 2022 (both days inclusive).

Agro Allianz Limited was originally incorporated as a private limited company on March 28, 1968. It was later converted into a public limited company on December 14, 1968. During the year, the name of the company has been changed from Karim Cotton Mills Limited to Agro Allianz Limited. The main business activity of the Company is to manufacture yarn and fabrics.

The total numbers shares are 1,183,200. The Earnings per share is 0.36 in 2018 which was 5.55 in 2017. The profit after taxation is 8,353,000 in 2018 which was 6,877,000 in 2017.