THALL's profitability declines by 33% due to lower revenues

News Image

By MG News | October 25, 2019 at 02:25 PM GMT+05:00

0:00

October 25, 2019 (MLN): Thal Limited, has declared consolidated profits of Rs. 650.3 million for the quarter September 30th, 2019  approximately 33% lower than the parallel period last year. The company recorded its EPS at Rs. 7.04 per share for the same period.

The drop in financial earnings came largely due to a decline in net revenues by 18.6%, which led the gross margins to decline considerably from 18% to 8%.

The decline in profitability was also attributable to a surge in the company’s core expenses and finance cost. Core expenses such as distribution cost and admin cost jumped by 11.5% and 2% respectively, whereas, finance cost increased significantly by 1053%.

Despite experiencing improvement in the company’s other income and reduction in tax expenses by 28.4% and 33.6% respectively, the impact failed to lift Thal’s profitability.  

Profit and Loss Account for the quarter ended September 30, 2019 ('000 Rupees)

 

Sep-19

Sep-18

% Change

Revenue - net

 4,186,504

 5,148,188

-18.68%

Cost of sales

 (3,834,221)

 (4,220,606)

-9.15%

Gross profit

 352,283

 927,582

-62.02%

Distribution costs

 (91,979)

 (82,445)

11.56%

Administrative expenses

 (380,834)

 (372,699)

2.18%

Other charges

 (20,092)

 (52,133)

-61.46%

 

 (492,905)

 (507,277)

-2.83%

Other income

 771,422

 600,683

28.42%

Operating profit

 630,800

 1,020,988

-38.22%

Finance costs

 (39,873)

 (3,457)

1053.40%

 

 590,927

 1,017,531

 

Share of net profit of associates - after tax

 272,590

 271,922

0.25%

Profit before taxation

 863,517

 1,289,453

-33.03%

Taxation

 (213,157)

 (309,660)

-31.16%

Profit after taxation

 650,360

 979,793

-33.62%

Basic and diluted earnings per share (Rupees)

 7.04

 10.80

-34.81%

 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 125,627.31
258.99M
1.00%
1248.25
ALLSHR 78,584.71
1,142.41M
1.16%
904.89
KSE30 38,153.79
69.25M
0.63%
238.06
KMI30 184,886.50
91.38M
0.01%
13.72
KMIALLSHR 53,763.81
554.57M
0.54%
290.61
BKTi 31,921.68
33.15M
1.78%
557.94
OGTi 27,773.98
9.65M
-0.40%
-112.21
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,890.00 107,955.00
107,505.00
-345.00
-0.32%
BRENT CRUDE 66.50 66.63
66.48
-0.24
-0.36%
RICHARDS BAY COAL MONTHLY 97.00 97.00
97.00
1.05
1.09%
ROTTERDAM COAL MONTHLY 107.65 107.65
105.85
1.25
1.17%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 64.84 65.02
64.82
-0.27
-0.41%
SUGAR #11 WORLD 16.19 16.74
16.14
-0.52
-3.11%

Chart of the Day


Latest News
July 01, 2025 at 06:00 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


June 30, 2025 at 11:55 PM GMT+05:00

TRG: Dominos Tumbling for the Management



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg