Karachi, Sazgar Engineering Works Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 24, 2018.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2017 which portrayed a profit of Rs. 46,522,895 with earnings per share 2.16 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Sazgar Engineering Works Limited was incorporated on 21st September 1991 as a Private Limited Company. It was later converted into a Public Limited Company on the 21st of November 1994 under the Companies Ordinance of 1984. Sazgar is a premier manufacturer of CNG 4 Stroke Auto Rickshaw (3 Wheelers) and Automotive Wheel Rims. The company has manufacturing facilities spread over an estate of 5 Acres based in Pakistan and a Global Dealer Network through which the company exports its products in the international markets. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Lahore.
The symbol “SAZEW” is being used by the stock exchanges for the shares of Sazgar Engineering Works Limited.