Thal Limited Reports Earnings Results for the Second Quarter Ended December 31, 2019
February 20, 2020 at 04:52 pm IST
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Thal Limited announced earnings results for the second quarter ended December 31, 2019. For the second quarter, the company announced sales was PKR 4,057.265 million compared to PKR 5,970.708 million a year ago. Operating income was PKR 1,043.322 million compared to PKR 1,282.620 million a year ago. Net income was PKR 956.084 million compared to PKR 885.049 million a year ago. Basic earnings per share was PKR 11.8 compared to PKR 10.92 a year ago. For the half year, sales was PKR 8,243.769 million compared to PKR 11,118.896 million a year ago. Operating income was PKR 1,674.122 million compared to PKR 2,303.608 million a year ago. Net income was PKR 1,526.483 million compared to PKR 1,760.345 million a year ago. Basic earnings per share was PKR 18.84 compared to PKR 21.72 a year ago.
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.