Financial results of Panther Tyres Limited for Year ended June 30, 2022

Karachi, Panther Tyres Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on September 07, 2022.

The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2022 which portrayed a profit of Rs. 420,305,168 with earnings per share 2.50 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from October 19, 2022 to October 25, 2022 (both days inclusive).

Panther Tyres Limited is in the tyres and tubes industry of Pakistan. Apart from its main business, the Company has also ventured into trading business of automobile spare parts and lubricants.

The total numbers of shares are 140,000,000. The Earnings per share is 7.06 in 2021 which was 2.50 in 2020. The Profit after taxation is 851,262,000 in 2021 which was 251,827,000 in 2020.