Karachi August 20 2024: Acer Gadget Inc., a global leader in innovative and affordable technology, announces a strategic partnership with Air Link Communication Limited (Airlink) to introduce ‘Acer Gadget e10’ laptops, tablets, and all-in-one devices to the Pakistani market.
Share price of the company surge PKR 7.75 or 5.87 percent after the announcement at Pakistan Stock Exchange. In last one year the share price has surged 5.7 times according to data published by exchange.
As part of this collaboration, Airlink has been granted distribution rights and has entered an exclusive assembling agreement with Acer Gadget’s manufacturing partner, Shanghai Sixunited Intelligent Technology Co. Ltd., to assemble these Products at Airlink’s Lahore, Pakistan, facility.
This partnership marks a significant step forward in Airlink’s commitment to the ‘Made in Pakistan’ initiative and aims to elevate the Pakistani technology landscape by providing consumers with high-quality, accessible devices.
Company sales grew by 193.9 percent to PKR 92,805 million in first nine months of fiscal year 2024 from PKR 31,577 million in the same period last year. Consolidated gross profit margin and consolidated net profit margin were PKR 7,538 million and PKR 3,073 million, respectively, compared to PKR 2,842 million and PKR 955 million in the same period last year.
Air Link Communication (Pvt.) Limited was incorporated in January 02, 2014 as a private limited company under the repealed Companies Ordinance, 1984 (now Companies Act, 2017) and was converted into a public limited company w.e.f. April 24, 2019. The Company imports, export distribution, identing, wholesale, retail of communication and IT related products and services including cellular mobile/smart phones, tablets, laptops accessories and allied products.
