Conversion of Physical Shares of General Tyre and Rubber Company of Pakistan Limited

Karachi, General Tyre and Rubber Company of Pakistan Limited informed that all the shareholders of the Company having Physical share certificates are requested to convert their shares from physical form into book entry form at the earliest.

The General Tyre and Rubber Company of Pakistan Limited (GTR) came into existence in 1963, at Karachi and commenced its production in 1964. The Company was then established by General Tire International Corporation (GTIC) of USA. The Company was incorporated in Pakistan on March 7, 1963 as a private limited company and was subsequently converted into a public limited company. The Company is engaged in the manufacturing and trading of tyres and tubes for automobiles and motorcycles.

GTIC sold 90% of their shares to the present owners M/s Bibojee Services Ltd. in 1977 and retained 10% of the ownership. In 1985, the Company completed a major expansion, which took the capacity to 600,000 tyres annually.

The Company is listed on Pakistan Stock Exchange Limited. The total number of shares of the Company are 121,933,350. The Earnings per shares of the Company is (2.72) in 2020 which was 1.01 in 2019. The Profit after taxation in 2020 is (332,091,000) which was 122,876,000 in 2019.