MTL sales hit 7-year high with 2.2x YoY growth in Dec

By MG News | Category Equity | January 15, 2025 at 12:51 PM GMT+05:00

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January 15, 2025 (MLN): Millat Tractors Limited (PSX: MTL) achieved a significant milestone in December 2024, posting its highest monthly sales in nearly seven years.

Tractor volumes reached 4,686 units, marking an impressive 2.2x year-over-year (YoY) growth compared to December 2023, according to the press release issued.

This exceptional performance highlights robust demand recovery in the agriculture sector and reflects MTL’s strong market presence.

Analysts attribute the surge in sales to improved farmer liquidity, favorable government policies, and timely delivery of tractors.

The achievement underscores MTL’s role in supporting Pakistan's agricultural economy and sets a positive tone for the company's performance heading into 2025.

Copyright Mettis Link News

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