Air Link Communication Limited (AIRLINK): AIRLINK new land acquisition to bring tax savings – Earnings may revise up - By Topline Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In a notice to exchange, Airlink Communication (AIRLINK) informed that it intends to acquire an industrial plot measuring 3 acres, alongside an acquisition of a 5 acres industrial plot by its wholly-owned subsidiary, Select Technologies (Pvt.) Limited.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The plot is located in Sundar Green Special Economic Zone, Lahore, and the combined value of these purchases is Rs572mn.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The benefits of the plot acquisition would include a 10-year tax holiday along with one time GST exemption on the import of machinery, as per management.</span> </li></ul>