Financial results of Al-Ghazi Tractors Limited for Year ended June 30, 2021

Financial Results

Karachi, Al-Ghazi Tractors Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on September 20, 2021.

The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2021 which portrayed a profit of Rs. 687,311 with earnings per share 11.86 basic and diluted respectively.

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

Al-Ghazi Tractors Limited was incorporated in Pakistan as a Public Limited Company in June 1983 and is quoted on the Pakistan Stock Exchange. Al-Ghazi Tractors Limited is principally engaged in the manufacturing and production of agricultural tractors, implements and spare parts. The company is a subsidiary of Al-Futtaim Industries Company LLC, U.A.E

The Company has the main plant in Dera Ghazi Khan and started the production in February 1984.

The Company has quoted its shares on the Pakistan Stock Exchange, and the symbol “AGTL” is being used for the shares of the Company

The total number of shares the company has issued so far are 57,964,201. Earnings Per Share has increased in 2020 and is 23.28 which was 16.87 in 2019. The Profit After Taxation in 2020 is 1,349,657,000 which was 977,652,000 in 2019.