Al-Ghazi Tractors Ltd (AGTL): 2QCY17 EPS of PRs11.64/sh, DPS of PRs25.0/sh – By IMS Research
<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Al-Ghazi Tractors Ltd (AGTL) reported 2QCY17 NPAT of
PRs675mn (EPS: PRs11.64), up 30%YoY while lower 27%QoQ. This consequently takes
1HCY17 NPAT to PRs1.6bn (EPS: PRs27.51) up 41%YoY. Result were in-line with
street consensus. They were accompanied with interim cash dividend of PRs25/sh
(i.e. 500%).</span></li><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Jump in 2QCY17 earnings (up 30%YoY) was led by higher
volumetric sales (2QCY17: 5,907 up 23%YoY) on (i) lower GST, (ii) improvement
in crop yield owing to the Punjab government’s Kissan Package, and (iii)
continuation of fertilizer subsidy. However, 2Q EPS was down 8%QoQ. Gross
margins depicted a 0.9pptYoY increase to 28.1%.</span></li><li><span style="font-family...
