Thal Industries Corporation has announced is Quarterly Financial Result where posted a profit after tax of PKR 224.8 million marking a 49% increase as compared to the earnings recorded in same period of last year.
Total revenue of the company remained stagnant at PKR 1.8 billion, while cost of sales declined by 7% to PKR 1.3 billion, leading to improved margins.
The company also witnessed a 34% drop in distribution expense, while administrative expense increased by 32%. The earnings were further impacted by a 15% decrease in other income and 51% increase in other expenses.
THAL Industries witnessed a 57% decline in finance cost owing to lower Interest Rates. The company witnessed higher effective taxation, with tax amount of PKR 96.3 million, marking 56% YoY increase.
|Thal Industries Quarterly Financial Results December 31, 2020 (Rupees)|
|Cost of sales||(1,307,940,070)||(1,408,488,391)||-7.1%|
|Distribution and selling expenses||(27,558,530)||(41,848,562)||-34.1%|
|Profit before taxation||321,203,715||212,439,060||51.2%|
|Profit after taxation||224,842,600||150,831,733||49.1%|
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