The profit after tax of Millat Tractors Limited has increased to Rs 4.257 billion in the year ended June 30, 2017 (FY17) as compared to Rs 1.750 billion earned in FY16. The company's earning per share increased to Rs 96.12 in the period under review against Rs 39.52 in the same period a year back.

According to the financial results sent to Pakistan Stock Exchange, the company's net sales increased to Rs 30.013 billion in FY17 against Rs 16.913 billion in FY16 while cost of sales increased to Rs 22.916 billion against Rs 13.577 billion. The company's profit before taxation increased to Rs 6.242 billion in FY17 against Rs 2.620 billion earned in FY16.

Copyright Business Recorder, 2017