Panther Tyres Ltd (PTL), Pakistan’s leading Tyre Manufacturer announced its financial result for the year ended June 30, 2021.
PTL witnessed robust sales growth of 40% where its sales reached PKR 16.2bn as compared to PKR 11.58bn last year.
The company’s gross margins increased to 16.2% as compared to 14.4% in last year as PTL managed effective Inventory Management.
45% decline in Finance Cost was witnessed as overall Interest Rates declined. Total Finance Cost for the year stood at PKR 329mn compared to PKR 599mn in the previous year.
Overall Net Profit increased to PKR 851mn, marking an increase of 238% over last year.
PTL also announced a PKR 2/Share dividend and a 20% bonus.
Below is the financial snapshot of Panther Tyres Ltd for the year ended June 30, 2021
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