MTL profit plunges

17 Sep 2020

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KARACHI: Millat Trac­tors Ltd (MTL) recorded profit after tax at Rs2.15 billion and earnings per share at Rs43.16 for the year ended June 30.

It represented a drop of 41pc from PAT at Rs3.64bn and EPS at Rs73.01 the previous year, said a press release.

The board recommended final cash dividend at Rs30 per share which takes the full-year payout to Rs50. Results announced were better than market expectation which were reflected in the stock price of Millat Tractors that rose by Rs14.48 to Rs883.68 on Wednesday.

Published in Dawn, September 17th, 2020