The profit after tax of Al Ghazi Tractors Limited has declined to Rs 424.173 million in the quarter ended March 31, 2012 as compared to Rs 621.419 million earned in the corresponding quarter in 2011.
The board of directors of the company in its meeting held on April 17, 2012 declared that the company's earning per share reduced to Rs 9.88 in the period under review against Rs 14.47 in the same period last year.
According to the financial results sent to Karachi Stock Exchange, the company's sales declined to Rs 3.329 billion in this quarter against Rs 4.623 billion in the same quarter last year. The cost of goods sold reduced to Rs 2.736 billion against Rs 3.728 billion.
The company's profit before taxation declined to Rs 635.151 million in this quarter against Rs 927.810 million in the same quarter last year.
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