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.
