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 February 19, 2018.
The agenda of the meeting was discussion of profit and loss account for year ended December 31, 2017 which portrayed a profit of Rs. 3,123,120 with earnings per share 53.88 basic and diluted respectively.
Further, 500% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from April19, 2018 to April25, 2018 (both days inclusive).
Al-Ghazi Tractors Limited is a company incorporated in Pakistan as a public limited company in June, 1983. The foundations of the company have been laid under the Companies Ordinance, 1984. The company is principally engaged in the manufacture and sale of agricultural tractors, implements and spare parts. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Karachi. The manufacturing facility of the company is located in Dera Ghazi Khan.
The symbol “AGTL” is being used by the stock exchanges for the shares of Al-Ghazi Tractors Limited.
