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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