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)
