Financial results of Al-Ghazi Tractors Limited for period ended March 31, 2016

Karachi, Al-Ghazi Tractors Limited informed Pakistan Stock Exchange about recommendations made by the board of directors in the meeting held at Karachi on April 21, 2016.

The agenda of the meeting was discussion of profit and loss accounts for quarter ended March 31, 2016 which portrayed a profit of Rs. 466,458 and earnings per share 8.05 basic and diluted.

Further, Rs. 25 per share i.e. 500% payment of cash dividend, nil bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from May 24, 2016 to May 31, 2016 (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.