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MTL earnings nosedived by 56% during 2QFY19

Zubair Yaqoob
By Zubair Yaqoob
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The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Millat Tractors Limited (MTL) announced its result for 1HFY19 on Thursday where the company declared earnings of PKR 1,825mn (EPS: PKR 41.20) during 1HFY19, down by a massive 34% YoY.

 

On a sequential basis, profit after tax clocked-in at PKR 702mn (EPS: PKR 15.84), displaying a decrease of 56% YoY and 38% QoQ.

 

Along with the result, MTL also announced a cash dividend of PKR 45.00/share compared to PKR 60.00/share in SPLY.

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

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