Panther Tyres announced good result for FY21

Panther Tyres Limited (PTL) announced its financial result for FY21 whereby the company declared a profit after tax (PAT) of PKR 851mn (EPS: PKR 6.08) compared to PKR 252mn (EPS: PKR 1.80) in FY20. On a quarterly basis, earnings clocked-in at PKR 199mn (EPS: PKR 1.42) against PKR 153mn (EPS: PKR 1.09) in 4QFY20 and profit of PKR 181mn (EPS: PKR 1.29) in 3QFY21.

Along with the result, the company announced a cash dividend of PKR 2.00/share and a 20% bonus issue (20 shares for every 100 shares held).

Courtesy – AHL Research

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