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

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.

Posted on: 2017-09-21T13:45:00+05:00