• Login
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
Time of Pakistan
No Result
View All Result
Home Pakistan

Profit after tax of Millat Tractors increases

ToP by ToP
September 8, 2010
in Pakistan
0
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

KARACHI (September 04 2010): The profit after tax of Millat Tractors Limited has increased to Rs 2.284 billion in the year ended June 30, 2010 (FY10), as compared to Rs 1.215 billion earned in the corresponding period in FY09. The company’s earning per share surged to Rs 78.01 in the period under review against Rs 41.49 in the same period a year back.

The board of directors of the company in its meeting held on Friday recommended a final cash dividend for the year at Rs 35 per share ie 350 percent. This is in addition to interim dividend already paid at Rs 30.00 per share ie 300 percent. The board also recommended issuing bonus shares in the proportion of one share for every four ordinary shares held ie 25 percent.

According to the financial results sent to Karachi Stock Exchange (KSE), the company’s net sales increased to Rs 22.199 billion in FY10 against Rs 15.910 billion in FY09. The cost of sales increased to Rs 18.365 billion against Rs 13.488 billion.

The company’s distribution and marketing expenses declined to Rs 398.351 million against Rs 423.241 million however administrative expenses slightly increased to Rs 292.340 million against Rs 242.788 million. The company’s profit before taxation increased to Rs 3.336 billion in the year FY10 against Rs 1.752 billion recorded in the same period in FY09.

Previous Post

China’s Hu Calls for Stable Ties With US

Next Post

Nightmare unfolds at stations and airport

ToP

ToP

Related Posts

11th J.A. Zaman Memorial Open – Powered by Gem Golfers
Sports

11th J.A. Zaman Memorial Open – Powered by Gem Golfers

by Jameel Ahmad
April 9, 2025
Imran Khan
Pakistan

Imran Khan and Bushra Bibi Sentenced to Jail in £190 Million Case

by Jameel Ahmad
January 17, 2025
shaza fatima khawaja
Pakistan

World’s Largest Submarine Cable Arrives in Pakistan: Could This End Internet Woes?

by Jameel Ahmad
January 15, 2025
Kundi
Pakistan

“Nothing Was Seen”: Kundi on Talks

by Jameel Ahmad
January 3, 2025
Inflation
Pakistan

Pakistan’s Inflation Plummets to 6-Year Low: ‘4.9% in November Sparks Hope for Rate Cuts’

by Jameel Ahmad
December 2, 2024
Belarus President
Pakistan

Belarusian President’s Three-Day Visit to Pakistan Promises Strengthened Ties and Key Agreements

by ToP
November 25, 2024
Arno by Anny Dresses
Fashion News

Arno by Anny’s Launched its Latest Western Wear Collection for Women

by Jameel Ahmad
October 31, 2024
Next Post

Nightmare unfolds at stations and airport

Popular Stories

    Time of Pakistan

    About Times Of Pakistan

    kralbetbetturkeyikimislibahis1xbetm.infohipas.infohttps://www.wiibet.com/restbetcdn.com

    Other Categories

    • Beautiful Pakistan
    • Fashion News
    • Funny News
    • Viral Videos
    • Weird News

    Recent Posts

    • 11th J.A. Zaman Memorial Open – Powered by Gem Golfers
    • Imran Khan and Bushra Bibi Sentenced to Jail in £190 Million Case
    • World’s Largest Submarine Cable Arrives in Pakistan: Could This End Internet Woes?

    Times Of Pakistan © 2024. Design & Developed by E2E Solution Providers.

    No Result
    View All Result
    • Home
    • Pakistan
    • International News
    • Business
    • Sports
    • Entertainment
    • Opinion

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In