Thal Limited profits fall by 40.19 percent to Rs. 2.054 billion

MG News | April 26, 2018 at 05:15 PM GMT+05:00

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Thal Limited (THALL) today announced financial results for the nine months period ending 31 March, 2018 reporting Sales at Rs. 13.622 billion; up 13.622 percent from same period last year. Furthermore, the company’s Gross Profit rose to Rs. 2.521 billion from Rs. 2.819 billion last year during the outgoing nine months.

On the expenses front, THALL reported 4.32 percent increase in Distribution Costs, 14.48 percent increase in Administrative Expenses, whereas, Other Charges incurred by the company went down by 36.89 percent during the period.

Furthermore, THALL also reported a 59.41 percent decline in Other Income reaching Rs. 1.096 billion during the nine months.

Thal Limited reported profit after taxation at Rs. 2.054 billion against Rs. 3.433 billion during the same period last year translating into an EPS of Rs. 25.35 vs. an EPS of Rs. 42.38 during the nine months ending March, 2017.

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Nine Months Ended, March 30^th 2018
Key Financials	March, 2018	March, 2017	% Change
	Amounts in PKR’ 000
Revenue - Net	13,622,750	12,500,860	8.97%
Cost of Sales	11,101,721	9,681,567	14.67%
Gross Profit	2,521,029	2,819,567	-10.59%
Distribution Costs	157,737	151,203	4.32%
Administrative Expenses	560,561	489,665	14.48%
Other Charges	183,555	290,864	-36.89%
Other Income	1,096,848	2,702,432	-59.41%
Operating Profit	2,716,024	4,589,993	-40.83%
Finance Cost	6,432	6,864	-6.29%
Profit before Taxation	2,709,592	4,583,129	-40.88%
Taxation	655,575	1,149,144	-42.95%
Profit after Taxation	2,054,017	3,433,985	-40.19%
EPS - Basic and diluted	25.35	42.38	-40.18%

Company release on Earnings Report can be accessed here.

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