Panther Tyres Ltd. Announces Profit and Dividend Increase

Business & Finance

Karachi, Panther Tyres Ltd. (PTL), a leading tyre manufacturer, reported a significant increase in its earnings per share (EPS) for the year ending January 2024. The company's EPS rose to Rs. 2.58, up from the previous year. Alongside the financial growth, PTL announced an enhanced dividend distribution, moving from 10% to 20% for its shareholders. Trading activity on the Pakistan Stock Exchange (PSE) showed PTL's shares reaching a high of Rs. 39.14 and a low of Rs. 38.38, with a daily weighted average rate of Rs. 39.14. The company, which was listed in 2021, has a paid-up capital of Rs. 1,680 million. The market lot for trading Panther Tyres Ltd. shares is set at 500.