Earning Review: THALL's net profit up by 11.55%

MG News | September 20, 2019 at 04:21 PM GMT+05:00

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September 20, 2019 (MLN): Thall Thal Limited (TTL) has announced its financial results today for the year ended June 30^th 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%

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