Ghandhara Tire and Rubber Company Limited Announces Results for the Third Quarter and Nine Months Ending March 31, 2024

Ghandhara Tire and Rubber Company Limited Announces Results for the Third Quarter and Nine Months Ending March 31, 2024
Ghandhara Tire and Rubber Company Limited Announces Results for the Third Quarter and Nine Months Ending March 31, 2024

Ghandhara Tire and Rubber Company Limited has reported its results for the third quarter and nine months ending March 31, 2024. For the third quarter, the company reported revenue of PKR 5,259.72 million, up from PKR 3 462.61 million PKR a year ago. Net profit stood at PKR 49.36 million, compared to a net loss of PKR 278.42 million a year earlier. Basic earnings per share from continuing operations was PKR 0.4 compared to basic loss per share from continuing operations of PKR 2.28 a year ago. Diluted earnings per share from continuing operations was PKR 0.4 compared to a diluted loss per share from continuing operations of PKR 2.28 a year ago.
For the nine months, the turnover stood at PKR 15,149.66 million compared to PKR 10,632.07 million a year ago. The net profit was PKR 200.75 million compared to a net loss of PKR 238.35 million a year ago. Basic earnings per share from continuing operations was PKR 1.65 compared to basic loss per share from continuing operations of PKR 1.95 a year ago. Diluted earnings per share from continuing operations was PKR 1.65 compared to diluted loss per share from continuing operations of PKR 1.95 a year ago.

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