Home / Financial Results / The General Tyre and Rubber Company of Pakistan Limited’s financial result for the first quarter ended September 30, 2011

The General Tyre and Rubber Company of Pakistan Limited’s financial result for the first quarter ended September 30, 2011

Karachi: We have to inform you that the Board of Directors of the Company in its meeting held on October 27, 2011 at 11.00 a.m. at Karachi approved unaudited accounts of the Company for the First Quarter ended September 30, 2011.

The financial results of the Company are as follows:

 

For the Quarter Ended

September 30,

2011

2010

(Rupees in thousands)

Net sales 1,288,509 1,393,328
Cost of sales 1,169,187 1,214,098
 ——— ———
Gross profit 119,322 179,230
Administrative expenses 30,595 23,444
Distribution cost 40,806 43,439
  ——— ———
71,401 66,883
——— ———
47,921 112,347
Other operating expenses 5,597 10,885
 ——— ———
42,324 101,462
Other operating income   6,767 8,389
 ——— ———
Operating Profit 49,091 109,851
Finance cost 104,260 78,248
———  ———
 (55,169) 31,603
Share of loss from an associated company (141)
 ——— ———
(Loss)/ Profit before taxation  (55,310) 31,603
Taxation 19,358  (13,981)
 ——— ———
(Loss)/ Profit after taxation  (35,952) 17,622
Other comprehensive income
 ——— ———
Total comprehensive (Loss)/ Income   (35,952) 17,622
 ——— ———
(Loss)/ Earning per share (Rs.) (0.60) 0.29

 

For more information, contact:
Asif Jameel
Company Secretary
The General Tyre and Rubber Company of Pakistan Limited
H-23/2, Landhi Industrial Trading Estate,
Landhi, Karachi, Pakistan.
Ph: 35080172-81
Fax: 35080171
UAN: 021-487-487
E-mail: headoffice@gentipak.com
Website: www.gwntipack.com

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