Panther Tyres Records Growth with Dividend Announcement

Karachi, Panther Tyres Ltd. (PTL), known for its contributions to the automobile sector, declared a 10% dividend, followed by a 20% dividend for the next period. The company, which made its entry into the Pakistan Stock Exchange in 2021, reported an EPS of Rs. 36 for the fiscal year. The daily weighted average rate for PTL shares was Rs. 40.32, with the company’s paid-up capital recorded at Rs. 500 million and a market lot of 500 shares. The previous book closure was on September 20, marking a significant year for Panther Tyres in terms of financial performance.