Karachi, Agriauto Industries Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 21, 2018.
The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for quarter ended December 31, 2017 which portrayed a profit of Rs. 142,627 and Rs. 245,397 with earnings per share 4.95 and 8.52 basic and diluted respectively.
Further, 80% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from March01, 2018 to March 07, 2018 (both days inclusive).
Agriauto Industries Limited is a company incorporated in Pakistan on June 25, 1981 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The company is engaged in the manufacture and sale of components for automotive vehicles, motor cycles and agricultural tractors. The stocks of the company are listed on the Karachi and Lahore stock exchanges of Pakistan. The registered office of the company is located at Karachi.
Quality control is maintained at all stages of manufacturing. The company follows international standards i.e. B.S.S., S.A.E, ASTM, JIS, ISO & TS-16949, as the basis of quality control program. Agriauto is a part of the prestigious House of Habib Group.
The symbol “AGIL” is being used by the stock exchanges for the shares of Agriauto Industries Limited.