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Agha Steel receives approval to establish "Agha Green" subsidiary

The Board of Directors of Agha Steel made a statement on Agha Steel's application to the PSX. The company has approved the establishment of a wholly owned subsidiary of the company under the name "Agha Green".

Agha Steel receives approval to establish "Agha Green" subsidiary

The Mida project is nearing completion and the company is preparing for the first phase cold start in November, the statement said.Agha Steel's principal activities are the production and sale of steel bars, wire rods and billets.

The company reported an 18.32% decrease in its annual profit in the first quarter of the fiscal year 24; its post-tax profit was 125.24 million Rupees, resulting in an earnings per share (EPS) of 0.21 Rupees.

According to the latest data, Agha Steel's stock is trading at 12.29 rupees, up 46 paisa, or 3.89%, from the previous close.

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