The profit after tax of Al-Ghazi Tractors has increased to Rs 3.123 billion in the year ended December 31, 2017 as compared to Rs 1.926 billion earned in the same period in 2016. The company's earning per share has increased to Rs 53.88 in the period under review against Rs 33.24 in the same period in 2016.

The board of directors of the company in its meeting held here on Monday recommended a final cash dividend for the year at Rs 25.00 per share ie 500 percent. This is in addition to interim dividend already paid at Rs 62.5 per share ie 1250 percent.

According to the financial results, the company's sales increased to Rs 18.871 billion in the year 2017 against Rs 12.098 billion in 2016 while cost of goods sold increased to Rs 13.611 billion against Rs 8.750 billion. The company's profit before taxation increased to Rs 4.585 billion in 2017 as compared to Rs 2.877 billion in 2016.

Copyright Business Recorder, 2018