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National, Reader's Choice, Tyre Industry

What is General Tyre’s profit after tax for FY16?

Posted: October 6, 2016 at 12:05 pm   /   by   /   comments (0)

The General Tyre and Rubber Company has posted Rs 1,032 million as profit after tax in the year ended June 30, 2016 (FY16) as compared to Rs 732.855 million earned in the same period in FY15. The company’s earnings per share surged to Rs 17.27 in the period under review against Rs 12.26 in the same period in previous year.

According to the financial results, the company’s sales stood at Rs 9.479 billion in FY16 against Rs 9.491 billion in FY15 while cost of sales reduced to Rs 7.157 billion against Rs 7.553 billion. The company’s profit before tax increased to Rs 1.494 billion in FY16 against Rs 1.097 billion in FY15. The company’s comprehensive income increased to Rs 1,009.774 million in FY16 against Rs 715.670 million in FY15.

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