Financial results of TPL Trakker Limited for quarter ended September 30, 2016

Karachi, TPL Trakker Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 26, 2016.

The agenda of the meeting was discussion of unconsolidated and consolidated profit and loss account for quarter ended September 30, 2016 which portrayed a profit of Rs. 27,731,319 and Rs. 102,353,104 with earnings/ loss per share 0.13 and 0.38 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

TPL Trakker Limited was incorporated in Pakistan on December 4, 2008 under the Companies Ordinance, 1984. TPL Trakker Limited is a subsidiary of TPL Holdings Private Limited which acts as the ultimate parent company of the group and holds 70% shares of the company. TPL Trakker Limited is a joint venture with DigiCore of South Africa and is responsible for markets in the Middle East & South Asian region with over 150,000 units installed. The principal activity of the company is installation and sale of tracking device, vehicle tracking and fleet management. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi.

The subsidiary companies of the group are TPL Direct Insurance Limited, TPL Security Services Private Limited and EVAC Pakistan Private Limited. The associates of the company are Trakker Middle East L.L.C. and TPL Properties Private Limited.

The symbol “TPL” is being used by the stock exchanges for the shares of TPL Trakker Limited.