Karachi, Agriauto Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on April 28, 2022.
The agenda of the meeting was discussion of unconsolidated and consolidated profit and loss account for quarter ended March 31, 2022 which portrayed a profit of Rs. 96,925 and 257,620 with earnings per share 3.37 and 8.95 basic and diluted respectively.
Further, 100% payment of cash dividend, bonus shares and right shares was agreed.
Agriauto Industries Limited is a Public Limited company, was incorporated in Pakistan on June 25, 1981. The Company is automotive components manufacturers in the private sector and also they acquire TS16949 certification.
The Company is engaged in the business of manufacturing and sailing of components for automotive vehicles, motor cycles and agricultural tractors.
The total number of shares they issued are 28,800,000. Earning Per Shares in 2020 is (1.03) which was 20.94 in 2019. The Net Profit Margin percentage has also decreased in 2020 and is (0.79%) which was 8.47% in 2019.