Earnings Report: General Tyre and Rubber Co. (PSX: GTYR) today reported Financial Results for the Twelve months ended June 30, 2017

MG News | September 21, 2017 at 01:45 PM GMT+05:00

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The General Tyre and Rubber Co. announced Financial Results for the period ended June 30, 2017.

The company’s Sales for the period increased by 1.75 percent in the outgoing year, whereas the Profit after Taxation for the Period decreased by 15 percent.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 at the rate of 150% i.e. Rs 15/- per share. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Year Ended
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Sales	9,645,367	9,479,045	1.75%
Cost of Sales	7,589,305	7,157,029	6.04%
Gross Profit	2,056,062	2,322,016	-11.45%
Admin: Expenses	247,790	210,598	17.66%
Dist: Costs	452,016	399,335	13.19%
Other Income	61,930	65,177	-4.98%
Other Expenses	115,002	149,509	-23.08%
Profit from Operations	1,303,184	1,627,751	-19.94%
Finance Cost	124,064	136,159	-8.88%
Profit before Taxation	1,184,222	1,494,743	-20.77%
Taxation	302,825	462,456	-34.52%
PAT	881,397	1,032,287	-14.62%
Total Comprehensive Income for the Year	846,864	1,009,774	-16.13%
EPS - Basic and diluted	14.75	17.27	-14.59%

Company release on Earnings Report can be accessed here.

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