Thal Limited profits soar by 18.16% for 1QFY19
MG News | October 26, 2018 at 05:20 PM GMT+05:00
October 26, 2018 (MLN): The profits for Thal Limited (THALL) have risen by 18.16% for the first quarter ended 30th September 2018, on account of better sales revenue and non-core income earned by the company.
According to the notification issued to PSX, the sales revenue for the company rose 18.58%, whereas the cost of sales increased by 20.01%, enabling the Gross Profits to increase by 12.48%.
The impact of increase in Distribution and Administrative expenses by 42.55% and 0.61% respectively, was out shadowed by an improvement in non-core income by 4.53%.
Moreover, the finance costs of the company declined by 17.98%, pulling up the bottom-line earnings of the company.
Even though the taxation expense grew by 20.8%, the overall impact on the financial position of the company showed a positive growth.
The Earnings per share for the company were stated at Rs. 10.8 for the quarter ended 30th September 2018, 19.7% up from the previous year.
| Profit and loss account for the quarter ended September 30th 2018 (Rupees’000) | |||
|---|---|---|---|
|
| Sep-18 | Sep-17 | % Change |
| Revenue (Net) | 5,148,188 | 4,341,680 | 18.58% |
| Cost of Sales | -4,220,606 | -3,516,994 | 20.01% |
| Gross Profit | 927,582 | 824,686 | 12.48% |
| Distribution Costs | -82,445 | -57,835 | 42.55% |
| Administrative Expenses | -372,699 | -370,434 | 0.61% |
| Other Charges | -52,133 | -47,876 | 8.89% |
| Other income | 600,683 | 574,643 | 4.53% |
| Finance Cost | -3,457 | -4,215 | -17.98% |
| Share of net profit of associates - after tax | 271,922 | 166,580 | 63.24% |
| Profit before taxation | 1,289,453 | 1,085,549 | 18.78% |
| Taxation | -309,660 | -256,333 | 20.80% |
| Profit after taxation | 979,793 | 829,216 | 18.16% |
| Basic & diluted earnings per share | 10.80 | 9.07 | 19.07% |
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