Thursday, August 11, 2022
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MTL earnings nosedived by 56% during 2QFY19

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Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com

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.

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