Growth in revenue drives up Thal Limited’s profits by 17%

09:13
February 21, 2019
MG

February 21, 2019 (MLN): Thal Limited has declared consolidated profits of Rs. 1.9 billion for the half year ended December 31, 2018, approximately 17% higher than the parallel period last year. The company recorded its EPS at Rs. 21.72 for the same period.

The uplift in financial earnings was a result of better sales by the company, which drove up the gross profit figure by 20%. This figure was more than enough to combat the impact of increase in direct and indirect costs of the company.

Furthermore, the Board of Directors of the company proposed an Interim Cash Dividend for the half year ended December 31, 2018 at Rs. 2.5 per share i.e. 50%.

Profit and loss account for the half year ended December 31 2018 (Rupees'000)
	Dec-18	Dec-17	% Change
Revenue – net	11,118,896	8,954,051	24.18%
Cost of sales	-9,032,754	-7,221,127	25.09%
Gross Profit	2,086,142	1,732,924	20.38%
Distribution costs	-136,762	-107,042	27.76%
Administrative expenses	-763,655	-743,602	2.70%
Other charges	-144,335	-118,786	21.51%
Other income	1,262,218	1,141,639	10.56%
Operating Profit	2,303,608	1,905,133	20.92%
Finance costs	-7,651	-3,925	94.93%
Share of net profit of associates – after tax	501,305	405,348	23.67%
Profit before taxation	2,797,262	2,306,556	21.27%
Taxation	-826,566	-623,101	32.65%
Profit after taxation	1,970,696	1,683,455	17.06%
Basic and diluted earnings per share	21.72	18.43	17.85%

Copyright Mettis Link News

Posted on: 2019-02-21T14:13:00+05:00

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1	PKR	278.50000	278.70000	278.70000	278.50000	03:08 PM
2	EUR	1.07201	1.07203	1.07203	1.07201	08:07 AM
3	GBP	1.25131	1.25140	1.25140	1.25131	08:07 AM
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7	AUD	0.65305	0.65307	0.65307	0.65305	08:07 AM
8	INR	83.31840	83.31890	83.31890	83.31840	08:07 AM
9	SAR	3.75050	3.75070	3.75070	3.75050	05:07 PM
10	AED	3.67270	3.67300	3.67300	3.67270	05:07 PM
11	HKD	7.82824	7.82858	7.82858	7.82824	08:07 AM
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19	MXN	17.03760	17.04260	17.04265	17.03765	08:07 AM
20	TRY	32.50680	32.51680	32.51680	32.50680	08:07 AM
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22	ZAR	18.96930	18.97310	18.97313	18.96929	08:07 AM
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24	DKK	6.95740	6.95794	6.95794	6.95740	08:07 AM
25	ARS	873.25300	873.26300	873.26320	873.25320	08:07 AM
26	BDT	108.07500	111.43200	111.43230	108.07535	07:19 AM
27	BHD	0.37700	0.37705	0.37705	0.37700	05:07 PM
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30	KWD	0.30774	0.30784	0.30784	0.30774	05:07 PM
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35	AFN	71.20540	73.07040	73.07043	71.20544	07:19 AM
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42	NGN	1,266.52000	1,267.52000	1,267.52000	1,266.52000	06:48 AM
43	KES	133.50000	135.50000	135.50000	133.50000	06:48 AM
44	AMD	362.08500	418.03400	418.03432	362.08504	07:19 AM
45	TWD	32.56420	32.59420	32.59420	32.56420	08:07 AM
46	XAU	2,329.21000	2,329.52000	2,329.52000	2,329.21000	08:06 AM
47	XAG	27.41520	27.42080	27.42080	27.41520	08:06 AM
48	XPT	903.88600	910.60000	910.60000	903.88600	05:07 PM
49	XPD	1,002.27000	1,012.27000	1,012.27000	1,002.27000	05:07 PM
2,120	VES	36.29670	36.38780	36.38776	36.29673	08:00 PM
2,212	UGX	3,768.22000	3,852.14000	3,852.14334	3,768.21865	07:19 AM
2,213	TZS	2,589.99000	2,590.01000	2,590.01500	2,589.98500	06:48 AM

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Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	72,593.25	71,971.401	71,700.54	-80.491	-0.112	424,080,014.0	16,729,754,250.360	25/04/2024 04:13 PM
ALLSHR	47,464.49	47,174.954	47,022.84	2.137	0.005	798,226,277.0	27,520,277,864.490	25/04/2024 04:13 PM
KSE30	23,911.80	23,749.046	23,630.38	-58.772	-0.247	100,632,233.0	10,911,348,299.790	25/04/2024 04:13 PM
KMI30	122,036.66	120,902.956	120,348.15	-259.501	-0.214	165,495,684.0	10,488,159,680.390	25/04/2024 04:13 PM
KMIALLSHR	33,911.61	33,699.441	33,542.23	42.921	0.128	560,837,784.0	22,833,398,111.890	25/04/2024 04:13 PM
BKTi	17,958.27	17,872.359	17,710.29	-16.250	-0.091	19,765,810.0	2,463,980,003.790	25/04/2024 04:13 PM
OGTi	17,084.78	17,031.061	16,828.32	74.488	0.439	14,111,722.0	2,057,880,884.130	25/04/2024 04:13 PM

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Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	63,810.0	64,650.0	63,285.0	-70.00
BRENT CRUDE	EB	88.2	88.5	87.8	0.19
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-2.40
ROTTERDAM COAL MONTHLY	ET	118.3	118.3	118.3	0.05
USD RBD PALM OLEIN	POL	860.0	860.0	860.0	0.00
CRUDE OIL – WTI	QCL	83.0	83.3	82.6	0.18
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