Thal Limited profits soar by 18.16% for 1QFY19

MG News | October 26, 2018 at 05:20 PM GMT+05:00

0:00

October 26, 2018 (MLN): The profits for Thal Limited (THALL) have risen by 18.16% for the first quarter ended 30^th 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 30^th 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%

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	138,597.36 256.32M	-0.05% -68.14
ALLSHR	85,286.16 608.38M	-0.48% -413.35
KSE30	42,340.81 77.13M	-0.03% -12.33
KMI30	193,554.51 76.19M	-0.83% -1627.52
KMIALLSHR	55,946.05 305.11M	-0.79% -443.10
BKTi	38,197.97 16.53M	-0.59% -225.01
OGTi	27,457.35 6.73M	-0.94% -260.91

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,670.00	121,165.00 117,035.00	-1620.00 -1.36%
BRENT CRUDE	69.23	70.77 69.14	-0.29 -0.42%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	2.20 2.33%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.50	-0.30 -0.29%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.03	67.54 65.93	-0.20 -0.30%
SUGAR #11 WORLD	16.79	17.02 16.71	0.05 0.30%