Financial results of Baluchistan Wheels Limited for Year ended June 30, 2021

Karachi, Baluchistan Wheels Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 27, 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. 100,686 with earnings per share 7.55 basic and diluted respectively.

Further, 45%payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from September 23, 2021 to September 30, 2021 (both days inclusive).

Baluchistan Wheels Limited was incorporated in Pakistan on 16 June 1980 for the manufacturing of steel wheels for automobiles with technical collaboration of GKN Sankey Limited UK. The Company is engaged principally engaged in the manufacturing and marketing of automotive wheel rims for trucks, buses, tractors, cars and mini commercial vehicles.

The registered office of the company is located in Karachi. The factory of the company is located in Baluchistan. The stocks of the company are quoted on the Pakistan Stock Exchange, and symbol “BWHL” is being used by the stock exchange for the shares of the Company.

The total shares Company has introduced are 13,334,250. The Earnings per shares is 1.42 in 2020 which was 5.36 in 2019. The Profit after Taxation is 18,920,000 in 2020 which was 71,512,000 in 2019.