Thal Industries incurs losses of Rs250 mln after failing to control growing operating expenses

07:35
January 24, 2019
MG

January 24, 2019 (MLN): Thal Industries Corporation Limited has incurred losses of Rs. 250 million for the quarter ended December 31, 2018, as it failed to match its topline earnings with an absurdly growing operating expenses.

The sales revenue figure of the company nose-dived by 38%, while the major expense heads i.e. Distribution and Administrative expenses went up by 149% and 15% respectively, creating a two-fold impact on the company’s profitability.

Moreover, an increase in Finance costs by 73% also contributed in landing the company in losses.

The company reported its Loss per share at Rs. 16.7 for the said period.

Profit and loss account for the quarter ended December 31th 2018
	Dec-18	Dec-17	% Change
Sales – Net	1,433,814,451	2,340,264,291	-38.73%
Cost of sales	-1,418,088,044	-1,890,437,509	-24.99%
Gross profit	15,726,407	449,826,782	-96.50%
Distribution and selling expenses	-70,461,340	-28,203,195	149.83%
Administrative expenses	-106,009,608	-91,947,414	15.29%
Operating (loss) / profit	-160,744,541	329,676,173
Other income	38,809,265	6,003,458	546.45%
Finance cost	-110,511,306	-63,522,217	73.97%
Other expenses		-18,778,862
(Loss) / Profit before taxation	-232,446,582	253,378,552
Taxation	-18,407,796	-76,013,566	-75.78%
(Loss) / Profit after taxation	-250,854,378	177,364,986
Earnings Per Share-Basic & Diluted	-16.70	11.81

Copyright Mettis Link News

Posted on: 2019-01-24T12:35:00+05:00

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1	PKR	278.60000	278.80000	278.80000	278.60000	01:02 PM
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3	GBP	1.25106	1.25110	1.25110	1.25106	08:25 AM
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25	ARS	873.79100	873.79900	873.79899	873.79059	08:25 AM
26	BDT	108.01100	111.36500	111.36523	108.01142	07:19 AM
27	BHD	0.37703	0.37708	0.37708	0.37703	05:25 PM
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30	KWD	0.30758	0.30812	0.30812	0.30758	05:25 PM
31	LKR	292.57900	299.10100	299.10051	292.57908	07:19 AM
32	OMR	0.38498	0.38503	0.38503	0.38498	05:25 PM
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34	RUB	92.27000	92.29000	92.29000	92.27000	08:00 PM
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40	PHP	57.64800	57.70600	57.70600	57.64800	08:25 AM
42	NGN	1,305.72000	1,306.72000	1,306.72000	1,305.72000	07:26 AM
43	KES	134.00000	136.00000	136.00000	134.00000	08:19 AM
44	AMD	388.08000	388.08000	388.08000	388.08000	08:16 AM
45	TWD	32.59000	32.59100	32.59100	32.59000	08:25 AM
46	XAU	2,343.76000	2,344.22000	2,344.22000	2,343.76000	08:24 AM
47	XAG	27.54120	27.54990	27.54990	27.54120	08:24 AM
48	XPT	914.68000	921.42900	918.85000	917.60000	05:24 PM
49	XPD	968.25400	975.13300	972.50000	968.73230	05:24 PM
2,120	VES	36.33200	36.42320	36.42315	36.33204	08:00 PM
2,212	UGX	3,770.25000	3,854.09000	3,854.09049	3,770.24515	07:19 AM
2,213	TZS	2,589.99000	2,590.01000	2,590.01500	2,589.98500	06:47 AM

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Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
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KSE30	24,069.72	24,033.869	23,676.59	284.824	1.199	79,764,833.0	9,454,683,795.040	26/04/2024 05:12 PM
KMI30	122,624.63	122,414.850	120,539.93	1,511.894	1.251	130,473,781.0	8,715,975,575.960	26/04/2024 05:12 PM
KMIALLSHR	34,120.82	34,003.274	33,623.23	303.834	0.902	336,036,323.0	17,261,793,362.150	26/04/2024 05:12 PM
BKTi	18,098.00	18,061.700	17,783.46	189.341	1.059	12,829,416.0	1,502,941,695.300	26/04/2024 05:12 PM
OGTi	17,165.47	17,018.023	16,915.39	-13.038	-0.077	13,158,963.0	1,843,356,910.500	26/04/2024 05:12 PM

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BITCOIN FUTURES	BTC	64,935.0	65,390.0	64,510.0	-335.00
BRENT CRUDE	EB	89.8	89.8	89.0	0.82
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-0.70
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USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
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