Earnings Report: Millat Tractors Ltd. (PSX: MTL) today reported Financial Results for the Twelve months ended June 30, 2017

Millat Tractors Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Net Sales for the period increased by 77.45 percent in the outgoing year, whereas the Profit after Taxation for the Period increased by 143.25 percent.

The board has recommended a Cash Dividend for the year ended June 30, 2017 at the rate of 600% i.e. Rs 60.00/- per share. This is in addition to the interim dividend already paid at Rs. 35/- per share i.e. 350%. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Year Ended

Key Financials

2017

2016

% Change

 

Amounts in PKR ‘000

Net Sales

30,013,921

16,913,832

77.45%

Cost of Sales

22,916,592

13,577,972

68.78%

Gross Profit

7,097,329

3,335,860

112.76%

Dist: & Marketing Expenses

536,522

350,155

53.22%

Admin: Expenses

471,550

425,327

10.87%

Other Operating Expenses

454,934

196,521

131.49%

Other Income

610,091

272,249

124.09%

Operating Profit

6,244,414

2,636,106

136.88%

Finance Costs

2,181

15,300

-85.75%

Profit before Taxation

6,242,233

2,620,806

138.18%

Taxation

1,984,700

870,508

127.99%

Profit for the year

4,257,533

1,750,298

143.25%

EPS – Basic & diluted

96.12

39.52

143.22%

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-09-12T11:45:00+05:00