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HomeEquityMTL profits decline by 10.66% in FY22

MTL profits decline by 10.66% in FY22

September 23, 2022 (MLN): Millat tractors limited (MTL) announced results for FY22, wherein the company’s profit declined by 10.66% to Rs5.87bn, the company’s stock filings on the stock exchange showed.

In the filing, the company posted a profit after taxation (PAT) of Rs5.87bn decline by 56.18% against the Rs6.57bn in FY21, translating into earnings per share (EPS) of Rs60.56 against Rs67.78 in FY21.

The top line of the MTL jumped to 16.99%, to Rs55bn against Rs45.67bn in FY21. Gross profit up by 7%, to Rs12.20bn against Rs11.34bn in FY21.

In FY22, profit before taxation (PBT) is up by 5.11%, to Rs9.56bn against Rs9.08bn in FY21.

Copyright Mettis Link News

Posted on:2022-09-23T14:35:23+05:00

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