Thal Limited Reports Earnings Results for the Third Quarter Ended March 31, 2019
April 25, 2019 at 05:29 pm IST
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Thal Limited announced earnings results for the third quarter ended March 31, 2019. For the third quarter, the company announced sales was PKR 6,253.263 million compared to PKR 5,435.436 million a year ago. Operating income was PKR 1,479.648 million compared to PKR 1,104.329 million a year ago. Net income was PKR 1,139.334 million compared to PKR 914.862 million a year ago. Basic earnings per share was PKR 14.06 compared to PKR 11.29 a year ago. For the nine months, sales was PKR 17,372.159 million compared to PKR 14,389.487 million a year ago. Operating income was PKR 3,783.256 million compared to PKR 3,009.462 million a year ago. Net income was PKR 2,899.678 million compared to PKR 2,408.065 million a year ago. Basic earnings per share was PKR 35.79 compared to PKR 29.72 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.