AlGhazi declares cash interim dividend

The profit after tax of Al Ghazi Tractors increased to Rs 878.467 million in the half year period ended on June 30, 2009 as compared to Rs 623.092 million earned in the corresponding period in 2008. The company's earning per share surged to Rs 20.46 in the period under review against Rs 14.51 in the same period last year.
The board of directors of the company in its meeting held on Monday recommended interim cash dividend for the half year at Rs 5 per share. According to financial results, the company's sales increased to Rs 8.615 billion in this period against Rs 4.894 billion in the same period last year. The cost of goods sold increased to Rs 7.315 billion against Rs 4.027 billion. The company's profit before taxation increased to Rs 1,337.225 million in six month period in 2009 against Rs 934.612 million in the same period in 2008.