Equity Analysis /
Pakistan

General Tyre and Rubber Company: INTERMARKET INTEL: GENERAL TYRE AND RUBBER COMPANY - FY18 tax credits save the day

    Tellimer Research
    17 August 2018
    Published byTellimer Research
    GTYR posted 4QFY18 NPAT of PKR135mn, up 3.1x yoy/down 12% qoq, above our projected EPS of PKR1.99, mainly on account of tax credits. This took FY18 earnings to PKR716mn, down 19% yoy. The company also announced a cash dividend of PKR5/sh and a surprise 70% stock dividend.