Thursday, November 14, 2019
type here...
PakistanPK-Economy

MTL earnings nosedived by 56% during 2QFY19

Zubair Yaqoob
By Zubair Yaqoob
0

Featured

AmericaHailey Warner -
0

Trump said: Sondland is great American now President’s famous ‘U-turn’

President Donald Trump has a history of distancing himself from associates who have found themselves in legal trouble or...
Read more
WorldHailey Warner -
0

Babri mosque: Indian Supreme Court ruled in favor of Hindus in a dispute over a religious position with Muslims

India's Supreme Court on Saturday ruled in favor of a Hindu group in a long-running legal battle over a...
Read more
WorldZubair Yaqoob -
0

France Visa: New point-based skilled immigrant program to be enforced by summer 2020

France will introduce new point-based skilled immigrant program (France Visa), will come to force by summer 2020. French government...
Read more
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]

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]

Latest News

AmericaRobert Frank -
0

Trump’s removal measures: US Poll reveals support for 50 percent of Americans to the House of Representatives

The Politico Foundation released the results of a US Poll in conjunction with Trump's impeachment measures, revealing that 81%...
Read more
Europe

New UK Guidelines on EU Citizens residence

Robert Frank -
0
Britain is threatening to deport EU citizens if they do not apply in time for a new immigration status after Britain leaves the bloc...
Read more
America

US appeals court upholds decision to disclose Trump’s financial records

Hailey Warner -
0
Trump's financial records: A US appeals court said on Wednesday it would not review an October decision ordering President Donald Trump's accounting firm to...
Read more
Europe

Ukrainian president offers 10 percent bonus for bribery and corruption reporting

Hailey Warner -
0
Ukrainian President Volodymyr Zelensky has signed a law to pay 10 percent of confiscated money to those reporting corruption-related crimes to the authorities. The Ukrainian...
Read more
America

Morales condemns US recognition of the new government in Bolivia

Hailey Warner -
0
Bolivia's former president, Evo Morales on Wednesday denounced the United States' recognition of his country's self-proclaimed "de facto" government since he left the country. The...
Read more
- Advertisement -

Related News

Death toll rises 22 after 5.8 magnitude earthquake hits Pakistan

Natural Disaster Zubair Yaqoob -
0
The number of victims of 5.8 magnitude earthquake in northeastern Pakistan on Tuesday increased to 22 with more than 300 injured, said a senior...
Read more

Mian Zahid: Majority of critical sectors showing dismal performance

Pakistan Adil Ghaffar -
0
President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former...
Read more

IMF Staff Concludes Visit to Pakistan

Pakistan Adil Ghaffar -
0
An International Monetary Fund (IMF) mission, led by Ernesto Ramirez Rigo, visited Islamabad and Karachi during September 16–20, 2019 to take stock of economic...
Read more

Pakistan PM seeks to resume Afghan peace talks

Pakistan Zubair Yaqoob -
0
Pakistani Prime Minister Imran Khan said Wednesday that his government will try to revive the recently collapsed Afghan peace talks between the United States...
Read more

Stay connected

- Advertisement -

© World News Observer - 2019 | All rights reserved.