Thal Limited's annual profits suffer a dip of 35.5%

Financial Results for the year ended June 30th 2018 ('000 Rupees)

Jun-18

Jun-17

% change

Revenue - net

                           20,308,071

                           18,136,903

11.97%

Cost of sales

                         (16,282,991)

                         (14,167,064)

14.94%

Gross profit

                             4,025,080

                             3,969,839

1.39%

Distribution costs

                               (225,757)

                               (192,674)

17.17%

Administrative expenses

                           (1,616,652)

                           (1,539,021)

5.04%

Other charges

                               (271,159)

                               (360,575)

-24.80%

                           (2,113,568)

                           (2,092,270)

1.02%

Other income

                             2,257,252

                             4,503,523

-49.88%

Operating profit

                             4,168,764

                             6,381,092

-34.67%

Finance costs

                                 (10,206)

                                   (9,348)

9.18%

Share of net profit of associates - after tax

                                 941,177

                                 871,024

8.05%

Profit before taxation

                             5,099,735

                             7,242,768

-29.59%

Taxation

                           (1,547,656)

                           (1,740,022)

-11.06%

Profit after taxation

                             3,552,079

                             5,502,746

-35.45%

Basic and diluted earnings per share (Rupees)

                                      39.14

                                      63.52

-38.38%