Thall Ltd. profit for 1QFY17 falls by 17% to 499 million

By MG News | October 26, 2017 at 03:26 PM GMT+05:00

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Thall Ltd. sales increased by 15%, amounting to a total of 4 billion Rupees during the quarter ended September, 30^th 2017
Gross Profit decreased by 6.10% to a total of 732 million owing to an increase of 20.8% in Cost of Sales
Company’s Administrative expenses increased by 16% during the reported period
Thall Ltd.’s Profit after tax fell by 17.7% to 499 million, against profit of Rs 602 million from same period last year
Earnings per share fell to 6.17 rupees in the last quarter vs 7.43 rupees in same period during 2016

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Three Months Ended, September 30^th 2017
Key Financials	2017	2016	% Change
	Amounts in PKR` 000
Revenue (Net)	4,090,615	3,559,943	14.91%
Cost of Sales	3,358,614	2,780,421	20.80%
Gross Profit	732,001	779,522	-6.10%
Distribution Costs	55,649	61,593	-9.65%
Administrative Expenses	172,069	148,581	15.81%
Other Charges	46,393	58,780	-21.07%
Other Income	198,608	284,778	-30.26%
Operating Profit	656,498	795,346	-17.46%
Finance Costs	3,957	2,237	76.89%
Profit before Taxation	652,541	793,109	-17.72%
Taxation	152,989	190,793	-19.81%
(Loss)/Profit after Taxation	499,552	602,316	-17.06%
Basic & diluted EPS	6.17	7.43	-16.96%

Company release on Earnings Report can be accessed here.

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