Financial results of Sazgar Engineering Works Limited for Year ended June 30, 2021

Financial Results

Karachi, Sazgar Engineering Works Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on September 24, 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. 75,795,322 with earnings per share 1.63 basic and diluted respectively.

Further, nil payment of cash dividend, 30%bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from October 21, 2021 to October 27, 2021 (both days inclusive).

Sazgar Engineering Works Limited was incorporated on 21st September 1991 as a Private Limited Company and later converted into a Public Limited Company on the 21st of November 1994. The Company is engaged in the manufacture and sale of automobiles, automotive parts and household electric appliances.

Sazgar is a premier manufacturer of CNG 4 Stroke Auto Rickshaw (3 Wheelers) and Automotive Wheel Rims. With manufacturing facilities based in Pakistan and a Global Dealer Network, Sazgar is leading the market in Pakistan and also exporting to international markets.

The total number of shares of the Company are 46,496,893. The Earnings per share is 0.96 in 2020 which was 3.04 in 2019. The Profit After Taxation is 27,634,000 in 2020 which was 81,997,000 in 2019.