September 20, 2019 (MLN): Thall Thal Limited (TTL) has announced its financial results today for the year ended June 30th 2019, according to which it has posted its net profits of Rs3.9 billion (EPS:Rs44.20) up by 11.55% YoY compared to last year net profit of Rs3.5 billion (EPS: Rs39.14).
The company’s revenue collection surged by 15.94%, however the cost of sales up by 17% which marginally increased its gross profit by 10.51% from Rs3.6 billion to Rs4 billion.
More notably, it bore 143% colossal finance cost from Rs10 million to Rs24.8 million when compared to the prior year owing to higher interest rate. Moreover, the other charges significantly increased by 64.68%.
The board of directors of the company announced the cash dividend for the year ended June 30, 2019 at Rs5.50 per share i.e. 110%. This is an addition to interim dividends already paid at Rs2.50 per share i.e. 50%.
Financial Results for the year ended June 30th 2019 ('000 Rupees)
| |||
|---|---|---|---|
| Jun-19 | Jun-18 | % change |
Revenue – net | 23,544,641 | 20,308,071 | 15.94% |
Cost of sales | (19,469,021) | (16,619,922) | 17.14% |
Gross profit | 4,075,620 | 3,688,149 | 10.51% |
Distribution costs | (295,684) | (225,757) | 30.97% |
Administrative expenses | (1,265,361) | (1,279,721) | -1.12% |
Other charges | (446,545) | (271,159) | 64.68% |
| (2,007,590) | (1,776,637) | 13.00% |
Other income | 2,626,166 | 2,257,252 | 16.34% |
Operating profit | 4,694,196 | 4,168,764 | 12.60% |
Finance costs | (24,842) | (10,206) | 143.41% |
| 4,669,354 | 4,158,558 |
|
Share of net profit of associates – after tax | 941,312 | 941,177 | 0.01% |
Profit before taxation | 5,610,666 | 5,099,735 | 10.02% |
Taxation | (1,648,356) | (1,547,656) | 6.51% |
Profit after taxation | 3,962,310 | 3,552,079 | 11.55% |
Basic and diluted earnings per share (Rupees) | 44.20 | 39.14 | 12.93% |
Copyright Mettis Link News
30069
