Karachi March 4 2022: Millat Tractor Limited due to operational constraints, the Company will keep its production operations closed from Monday, March 07, 2022 till further notice.
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Millat Tractors Limited is a public limited company and was incorporated in Pakistan in 1964 under the Companies Act, 1913 (now the Companies Act, 2017). The Company is principally engaged in assembling and manufacturing of agricultural tractors, implements and multiapplication products. The Company is also involved in the sale, implementation and support of IFS applications in Pakistan.
Despite the emergence of latest Omicron variant of coronavirus, Millat Tractor managed to achieve sales of 17,254 units during the first half of fiscal year 2021-22. Resultantly, sales volume increased by 11 percent as compared to previous period.
Sales increased from PKR 18.796 billion to PKR 24.592 billion, representing an increase of 30.83 percent. The EPS for the half year witnessed an increase to PKR 45.04 in contrast with EPS PKR 39.22 for the corresponding period last year.
