Pakistan, March 21 -- Al-Ghazi Tractors Limited reported a profit after tax of Rs3.54 billion for the fiscal year 2024, marking a 35.63% year-on-year (YoY) increase from Rs2.61 billion in the previous year. The company's earnings per share (EPS) also rose significantly to Rs61.11, up from Rs45.06 in FY23, indicating strong profitability.

Revenue remained steady at Rs34.57 billion, showing a marginal 0.09% YoY increase. However, the company's gross profit saw a significant improvement, rising by 31.32% to Rs8.43 billion. This growth was primarily driven by a 7.04% decrease in the cost of sales, which dropped to Rs26.14 billion. Lower production costs allowed for improved margins despite flat revenue.

In terms of expenses, distribution co...