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

News Image

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

0:00

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

Related News

Name Price/Vol %Chg/NChg
KSE100 133,270.11
74.29M
1.00%
1321.04
ALLSHR 82,792.31
218.26M
0.88%
723.05
KSE30 40,717.56
25.46M
0.82%
329.80
KMI30 191,857.26
25.18M
0.25%
480.43
KMIALLSHR 55,524.30
107.68M
0.60%
330.33
BKTi 36,643.73
13.41M
2.28%
815.49
OGTi 28,425.53
0.71M
-0.07%
-20.82
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,630.00 110,525.00
107,865.00
-785.00
-0.71%
BRENT CRUDE 68.00 68.04
67.22
-0.30
-0.44%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.26 67.18
65.40
-0.74
-1.10%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 07, 2025 at 10:22 AM GMT+05:00

Mari Energies braces for earnings hit on RLNG glut


July 07, 2025 at 10:10 AM GMT+05:00

NBP issues foreign exchange rates


July 07, 2025 at 10:00 AM GMT+05:00

Urea sales likely up 20% in June


July 07, 2025 at 09:50 AM GMT+05:00

Elon Musk launches 'America Party' as new political force


July 07, 2025 at 09:37 AM GMT+05:00

Haval cuts ex-factory prices to hold overall rates



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg