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% |
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