Karachi, Bolan Castings Limited informed Pakistan Stock Exchange that the company is facing drop in sales. Hence, the management of the company has decided to temporarily halt the production activities of the company from December 05, 2022 till December 23, 2022.
“Bolan casting Limited is a public listed company incorporated and domiciled in Pakistan. The company manufactures and sells casting for tractors and automotive parts. It is a subsidiary of Millat Tractors Limited.
The plant was commissioned in June 1986 with the assistance of Foundry Management & Design Company (FMD), United Kingdom (U.K) and commercial production was started in July, 1986. The plant is located Hub Chowki, District Lasbella, and Baluchistan. The Company was privatized and handed over to a group of management under a joint collaboration of Millat Tractors Limited and the employees of Bolan Castings Limited on 13th June, 1993.
The Company is listed on Pakistan Stock Exchange and the total number of shares are 11,472,529. The Earnings per share is (23.68) in 2020 which was (20.83) in 2019. The Company had a loss of Rs. 271,688,000 in 2020 which was 238, 999,000 in 2019.”