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KARACHI: In separate notices addressed to the exchange, Amreli Steel Limited (ASTL) and Millat Tractors Limited (MTL) on Wednesday announced financial results for the period ending June 2018.
ASTL’s annual profits jumped 47.59 per cent to Rs 1.58 billion from same period last year. The company reported earnings per share at Rs 5.34 per share. The company’s profits rose on the back of 206.39pc increase in other income.
MTL, on the other hand reported profit after taxation of Rs 5.96bn on the back of 19pc increase in gross profit. The company reported earnings per share at Rs 134.64 per share following a 19pc increase in gross profits and 58.6pc increase in other income.
Published in Dawn, September 13th, 2018
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Comments (2) Closed
Sep 13, 2018 05:02pm
What is going on?Private steel mills are making profit in billions,whereas,our very own steel mills generates loss in billions and looks for government hand outs for salary payments.
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Sep 14, 2018 06:50am
MTL profits indicates that it is nothing but a ripoff opertion.The prices of tractors should be reduced to help farmers.Also any subsidies on tractors should be withdrawn and used for establishing training institute for farmers.
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