Thal Industries Corporation today release Financial Results for the year ended September 30th, 2017. Company reported a healthy gain in sales, profitability, and Operating Profits.
Net Sales of the company went up by 39.77% from 10.673 billion last year to 14.918 billion posting a strong growth in company’s increasing market share. Despite a strong growth in the Revenues, Company’s Cost of Sales also went up by more than 40% which the company needs to cap in the coming year.
Distribution & Selling Expenses also went up by more than 60%, to 161 million up from 99 million in the same period last year.
Company reported an Earnings per share of 47.15 in 2017 vs. 43.94 in 2016, while declaring a dividend of Rs. 10.00/share.
Comparison of Key Financials
Unconsolidated Profit and Loss Account – For the Year Ended, September 30th 2017
Key Financials
2017
2016
% Change
Amounts in PKR
Sales – net
14,918,562,029
10,673,417,774
39.77%
Cost of Sales
13,075,580,613
9,331,263,134
40.13%
Gross Profit
1,842,981,416
1,348,154,640
36.70%
Operating Expenses
Distribution & Selling Expenses
161,752,644
99,640,880
62.34%
Administrative Expenses
372,863,199
293,455,476
27.06%
Operating Profit
1,308,365,573
949,058,284
37.86%
Other Income
47,787,335
94,614,313
-49.49%
Finance Cost
345,608,340
321,373,800
7.54%
National Interest Expense on LT Advances
1,361,706
10,954,888
-87.57%
Other Expenses
67,660,855
44,793,936
51.05%
Profit before Taxation
941,522,007
666,549,973
41.25%
Taxation
233,126,667
6,367,773
3561.04%
Profit after Taxation
708,395,340
660,182,200
7.30%
EPS – Basic & Diluted
47.15
43.94
7.31%
Company release on Earnings Report can be accessed here.
