<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Al-Ghazi Tractors Ltd (AGTL) held its Analyst Briefing
yesterday to discuss CY23/1QCY24 results and outlook of the company. To recall,
the company reported strong financial results for CY23 (EPS: Rs45, +21% YoY)
and 1QCY24 (Rs14.7, +3.7x YoY), with significant revenue growth. This was
despite company's market share declining due to a lack of innovation in higher
horsepower tractors.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The management apprised AGTL is undergoing a transformation
project to address its challenges, including product innovation, improved sales
channels, and modernized operations. The company aims to launch a new 85HP
tractor and expects increased sales in the latter half o...
