Categorie: IPO / Secondary Offering
Submitted 8 months ago by
Xpertwriter
, CEO At E-HostingJunction.com
at Spectrum Resumes , Inc
Agriautos Industries Limited is a public limited company incorporated in 1981 and quoted on the Karachi Stock Exchange. The company manufactures automotive components.Its product range covers both original equipment manufacturers (OEM) and after market. It manufactures products such as shock absorbers and struts, pipe forks, cylinder sleeves, gaskets, camshafts, McPherson assembly, door locks and hinges and steering box. The company follows international standards that is B.S.S., S.A.E, ASTM, JIS, ISO & TS-16949, as the basis of quality control programme. Agriautos is a part of the House of Habib Group.ANALYSIS OF FINANCIAL PERFORMANCE, JUNE'03-DECEMBER'07: The profitability of the company showed a consistent trend. Sales have been increasing throughout the years with the increasing cost of sales. The turnover in the six months ending 2007 was almost half the level in June 2007. This is a positive indication that the company's turnover is likely to reach at least the same level as in June 2007.The auto sector after being bullish for the last 4-5 years is showing some signs of slowdown due to prevailing political unrest, stringent conditions put forth by the banks and leasing companies on auto related financing, increased mark-up rates and the imposition of 2.5% withholding tax on locally manufactured vehicles. As a result, the sales have slightly declined although the figure for the peri...
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Submitted 8 months ago by
Xpertwriter
, CEO At E-HostingJunction.com
at Spectrum Resumes , Inc
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