The Thal Industries Corporation Limited’s financial results for the 3rd quarter ended 30th June 2011

The Thal Industries Corporation Limited’s financial results for the 3rd quarter ended 30th June 2011

Karachi: We have to inform you that the Board of Directors of our Company held their meeting on 21st July, 2011 at 10.30 a m at 23- Pir Khurshid Colony, Gulgasht, Multan and approved the Financial Results of the Company for the 3rd Quarter ended 30-06-2011.

The Financial Results of the Company are as follows:

Period Ended

Quarter Ended

30 June

30 June

2011

2010

2011

2010

Rupees

Rupees

Sales – Net 4,626,979,101 4,561,017,673 2,059,225,942 2,071,816,663
Cost of Sales (4,060,699,524) (4,106,673,769) (2,002,001,120) (1,922,275,855)
————— ————— ————— —————
Gross Profit 566,279,577 454,343,904 57,224,822 149,540,808
Operating Expenses
Distribution and Selling Expenses 30,799,354 21,109,295 8,339,383 6,293,096
Administrative Expenses 102,899,065 98,009,540 26,094,670 23,000,404
————— ————— ————— —————
(133,698,419) (119,118,835) (34,434,053) (29,293,500)
Operating Profit 432,581,158 335,225,069 22,790,769 120,247,308
Other Operating Income 16,435,384 14,738,262 8,521,608 5,287,664
————— ————— ————— —————
449,016,542 349,963,331 31,312,377 125,534,972
Finance Cost 377,053,524 240,796,486 (181,135,211) 111,223,197
Worker’s Profit Participation Fund 3,598,151 5,458,322 7,491,142 715,569
————— ————— ————— —————
(380,651,675) (246,254,808) (173,644,069) (111,938,766)
Profit before Taxation 68,364,867 103,708,523 (142,331,692) 13,596,206
Taxation: (46,269,791) (26,830,000) 27,474,005 4,763,336
————— ————— ————— —————
Profit after Taxation 22,095,076 76,878,523 (114,857,687) 18,359,542
————— ————— ————— —————
Earning Per Share – Basic and Diluted 1.47 5.12 (7.645) 1.22

 

For more information, contact:
Mohammad Siddiq
Company Secretary
The Thal Industries Corporation Limited (TICL)
22-Pir Khurshid Colony,
Multan, Pakistan.
Phone: 061-6524675
Fax: 061-6524676

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