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MMTC ACHIEVES RECORD PERFORMANCE DURING 2018-19

May 30th, 2019 6:02 pm | By | Category: LATEST NEWS

Ved Prakash (CMD, MMTC)

Ved Prakash
(CMD, MMTC)


(THE NEWSMAN OF INDIA)
News Delhi: 30th May, 2019
MMTC is the first Public Sector Enterprise to be accorded the status of “FIVE STAR EXPORT HOUSE” by Government of India for long standing contribution to exports.

During the year revenue from operations increased by 76% to Rs 28979 crore from Rs 16451 crore during last year.

The Gross Profit from Operations for 2018-19 increased by 42% to Rs 474 crore from Rs 333 crore during last year.

Profit after tax increased by 67% to Rs.81.43 crore from Rs.48.84 crore during last year on standalone basis.

The company has reported consolidated Profit after Tax of Rs 108.72 crore as against Rs 37.52 crore during last year.

The company has recommended dividend @30% on paid up equity shares capital for the year 2018-19. Ved Prakash is the CMD of MMTC.

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