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
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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