Thal : Financial Results for the year ended June 30, 2022
September 09, 2022 at 04:50 pm IST
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TL/2022/4240
September 09, 2022
The General Manager,
Pakistan Stock Exchange Limited,
Stock Exchange Building,
Stock Exchange Road,
Karachi - 74000
FINANCIAL RESULTS FOR THE YEAR ENDED JUNE 30, 2022
Dear Sir,
We are pleased to inform you that the Board of Directors of our Company in their meeting held on Friday, September 09, 2022 at 03:30 PM have recommended the following:
Cash Dividend:
A final cash dividend for the year ended June 30, 2022 @ Rs 2.50 per share i.e. 50%. This is in addition to interim dividend already paid at Rs 5.00 per share i.e. 100%.
Financial Results:
The financial results of the Company for the year ended June 30, 2022 are as follows:
Unconsolidated Statement of Profit or Loss
2022
2021
------ (Rupees in '000) ------
Revenue - net
37,351,493
27,317,188
Cost of sales
(30,847,355)
(22,648,387)
Gross profit
6,504,138
4,668,801
Distribution and selling expenses
(734,179)
(544,689)
Administrative expenses
(985,384)
(877,675)
Other charges
(546,508)
(291,501)
(2,266,071)
(1,713,865)
Other income
1,831,791
1,651,746
Operating profit
6,069,858
4,606,682
Finance cost
(144,964)
(34,817)
Profit before taxation
5,924,894
4,571,865
Taxation
(1,667,646)
(1,089,670)
Net profit for the year
4,257,248
3,482,195
----------- Rupees ----------
Basic and diluted earnings per share
52.54
42.97
Consolidated Statement of Profit or Loss
2022
2021
------ (Rupees in '000) ------
Revenue - net
39,816,991
29,636,209
Cost of sales
(33,338,018)
(24,918,319)
Gross Profit
6,478,973
4,717,890
Distribution and selling expenses
(755,647)
(568,504)
Administrative expenses
(1,609,559)
(1,434,736)
Other charges
(620,334)
(415,163)
(2,985,540)
(2,418,403)
Other income
3,236,398
3,113,125
Operating Profit
6,729,831
5,412,612
Finance costs
(285,902)
(173,776)
6,443,929
5,238,836
Share of profit after tax of associates and joint venture
2,408,372
2,540,815
Profit before taxation
8,852,301
7,779,651
Taxation
(2,523,872)
(1,870,122)
Net profit for the year
6,328,429
5,909,529
Attributable to:
- Equity holders of the Holding Company
5,810,776
5,433,698
-
Non-controlling interest
517,653
475,831
6,328,429
5,909,529
------------ (Rupees) ---------
Basic and diluted earnings per share attributable to
the equity holders of the Holding Company
71.71
67.06
Annual General Meeting:
The Fifty Sixth Annual General Meeting of the Members of the Company will be held on Thursday October 20, 2022 at 09:30 AM at ICAP Auditorium, Institute of Chartered Accountants of Pakistan, Chartered Accountants Avenue, Clifton, Karachi.
The above entitlement will be issued to the shareholders whose names will appear in the Register of members on Thursday October 13, 2022.
Book Closure:
The share transfer books of the Company will remain closed from October 14, 2022 to October 20, 2022 (both days inclusive). Transfers received at the Company's Share Registrar, M/s FAMCO Associates (Private) Limited, 8-F, next to Hotel Faran, Nursery, Block-6, PECHS, Shahrah-e-Faisal, Karachi (Telephone: +92-21-34380101-5,+92-21-34384621-3, [Ext: 119], Fax: +92-21-34380106) at the close
of business on October 13, 2022 will be treated in time for the purpose of the above entitlement to the transferees.
The Annual Report of the Company will be transmitted through PUCARS at least 21 days before holding of Annual General Meeting.
Yours faithfully,
For Thal Limited
Salman Khalid
Company Secretary
CC to:
Chief Executive Officer
Executive Director / HOD
Central Depository Company of Pakistan
Offsite-II Department, Supervision Division
CDC House # 99-B,Block-B
Securities and Exchange Commission of Pakistan
S.M.C.H.S. Shahrah-e-Faisal
63, NIC Building, Jinnah Avenue
Karachi
Blue Area, Islamabad
Fax: 021-34326034 / Tel: 111-111-500
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Thal Ltd. published this content on 09 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 September 2022 11:19:06 UTC.
Thal Limited is a Pakistan-based company. The Company is engaged in the manufacture of jute goods, engineering goods, packaging, and laminate sheets. The jute operations are located at Muzaffargarh, Punjab, engineering operations at Karachi, Sindh, packaging operations at Hub, Balochistan and Gadoon, Khyber Pakhtunkhwa and laminate operations at Hub, Balochistan. The Company operates through two segments: the engineering segment and the packaging, building material & allied products segment. The Companyâs engineering segment comprises the Thermal & Engine Components Division, and Electric Systems Division. These divisions are primarily focused on the manufacturing of parts for the automotive industry. The Companyâs packaging, building material & allied products segment comprises: Jute Division, Packaging Division, and Laminates Division. The Laminates division operates under the brand name Formite in the engineered surface industry offering technical laminates and laminated boards.