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Karachi, Agriauto Industries Limited has revealed its latest board decisions and financial performance in an update released on August 25, 2023.
Board Recommendations:
Cash Dividend: Nil
Bonus Issue: Nil
Right Shares: Nil
Annual General Meeting (AGM):
The company’s AGM is scheduled for October 23, 2023, in Karachi, with an option for shareholders to participate online via a video/audio link.
Shareholder Entitlement:
Shareholders whose names appear on the Register of Members as of October 16, 2023, will be entitled to the announced benefits.
Book Closure:
The share transfer books of the company will be closed from October 17, 2023, to October 23, 2023, both days inclusive.
Financial Performance (Unconsolidated):
For the year ending June 30, 2023:
Turnover – net: Rs. 5,336,118,000
Gross profit: Rs. 218,819,000
Operating loss: Rs. (118,249,000)
Net loss for the year: Rs. (44,283,000)
Earnings per share (basic and diluted): Rs. 8.44
Financial Performance (Consolidated):
For the year ending June 30, 2023:
Turnover – net: Rs. 8,314,517,000
Gross profit: Rs. 542,184,000
Operating profit: Rs. 91,075,000
Net loss for the year: Rs. (173,280,000)
Earnings per share (basic and diluted): Rs. (4.81)
Agriauto Industries Limited’s recent announcements provide insight into its financial performance, shareholder entitlements, and upcoming AGM, offering stakeholders a comprehensive view of the company’s developments and strategies for the future.
The post Agriauto Industries Limited Announces Board Recommendations, AGM Date, and Financial Performance for FY2023 appeared first on Pakistan Company News.