Sazgar Engineering Works Limited Announces Upcoming Corporate Briefing Session

Lahore, Sazgar Engineering Works Limited has scheduled a Corporate Briefing Session (CBS) for May 22, 2024, to discuss its quarterly financial results for the period ending March 31, 2024. The session aims to inform investors and analysts about the company’s recent performance and future prospects.

The company, which was incorporated on September 21, 1991, and became a public limited entity on November 21, 1994, is listed under the symbol SAZEW on the Pakistan Stock Exchange. As of March 31, 2024, the market price of the company’s shares stood at 388.81 PKR, with a face value of PKR 10 each. Sazgar Engineering employs 1,338 individuals and has an extensive dealership network, including over 50 three-wheeler and 16 four-wheeler dealers across Pakistan.

According to information available from the Pakistan Stock Exchange (PSX), the company has showcased significant financial growth over recent years. The financial data reveals a consistent increase in turnover, with the latest recorded at 34,584,722,793 PKR for the July-March 2024 period. Net profits after tax also saw a substantial rise, reaching 4,448,419,014 PKR in the same period.

The company’s assets include extensive manufacturing facilities in Lahore and robust leadership under the board of directors chaired by Mrs. Saira Asad Hameed. Other key figures include Mr. Mian Asad Hameed as Chief Executive and Mr. Saeed Iqbal Khan overseeing the Three Wheeler & Automotive Parts Division.

The presentation for the upcoming CBS is available for review on the company’s official website, www.sazgarautos.com, providing stakeholders with an opportunity to analyze the detailed financial and operational metrics ahead of the meeting.