The profit after tax of Al Ghazi Tractors Limited declined to Rs 1.358 billion in the year ended December 31, 2011 as compared to Rs 1.908 billion earned in the corresponding period in 2010. The company's earning per share reduced to Rs 31.65 in the period under review against Rs 44.46 in the same period a year ago.
The board of directors of the company in its meeting held on February 14, 2012 recommended a final cash dividend for the year at Rs 10 per share ie 200 percent. This is in addition to interim dividend already paid at Rs 10 per share ie 200 percent.
According to the financial results sent to Karachi Stock Exchange, the company's sales decreased to Rs 10.113 billion in 2011 against Rs 14.936 billion in 2010. The cost of goods sold reduced to Rs 8.240 billion against Rs 11.987 billion. The company's profit before taxation decreased to Rs 2.062 billion in 2011 against Rs 2.900 billion in 2010.
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