Karachi, Millat Tractors Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on September 17, 2021.
The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for Year ended June 30, 2021 which portrayed a profit of Rs. 9,007,023 and Rs. 9,765,037 with earnings/ loss per share 103.12 and 117.13 basic and diluted respectively.
Further, 500% payment of cash dividend, 20%bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from October 24, 2021 to October 30, 2021 (both days inclusive).
Millat Tractors Limited is a public interest company, was incorporated on June 08, 1964. The Company is engaged in assembly and manufacturing of agricultural Tractors, Implements and Multi-application products. The Company is also involved in the sale, implementation and support of IFS applications in Pakistan.
The total number of shares of the Company are 56,057,751. The Earnings per share of the Company is 43.16 in 2020 which was 73.01 in 2019. The Profit After Taxation is 2,150,548,000 in 2020 which was 3,638,045,000 in 2019.