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)
 Dec-20Dec-19% Change
Net Sales1,869,697,0571,890,335,840-1.1%
Cost of sales(1,307,940,070)(1,408,488,391)-7.1%
Gross profit561,756,987481,847,44916.6%
Distribution and selling expenses(27,558,530)(41,848,562)-34.1%
Administrative expenses(159,369,159)(120,415,401)32.3%
Operating profit374,829,298319,583,48617.3%
Other income19,638,23322,984,076-14.6%
Finance cost(49,458,170)(114,383,824)-56.8%
Other expenses(23,805,646)(15,744,678)51.2%
Profit before taxation321,203,715212,439,06051.2%
Profit after taxation224,842,600150,831,73349.1%
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