The Thal Industries Corporation Limited’s Financial results for the Half Year/ 2nd Quarter Ended 31-03-2011

Karachi: We have to inform you that the Board of Directors of our Company held their meeting on Thursday the 25th May, 2011 at 11:30 a.m. and approved the Financial Results of the Company for the half year 2nd Quarter ended 31-03-2011.

The financial results of the Company are as follows:

 Half year endedQuarter ended
31 March 201131 March 201031 March 201131 March 2010
RupeesRupeesRupeesRupees
Sales – Net2,567,753,1592,489,201,0101,622,112,7661,441,321,826
Cost of sales(2,058,698,404)(2,184,397,914)(1,361,917,207)(1,276,513,773)
 ————————————————————
Gross profit509,054,755304,803,096260,195,559164,808,053
Operating expenses    
Distribution and selling expenses(22,459,971)(14,816,199)(16,743,597)(8,981,103)
Administrative expenses(76,804,395)(75,009,136)(40,409,592)(40,791,279)
 ————————————————————
(99,264,366)(89,825,335)(57,153,189)(49,772,382)
————————————————————
Operating profit409,790,389214,977,761203,042,370115,035,671
Other operating income7,913,7769,450,5984,432,4484,123,429
 ————————————————————
417,704,165224,428,359207,474,818119,159,100
————————————————————
Finance cost(195,918,313)(129,573,289)(159,653,898)(102,561,383)
Workers’ Profit Participation Fund(11,089,293)(4,742,754)(2,391,046)(829,886)
 ————————————————————
(207,007,606)(134,316,043)(162,044,944)(103,391,269)
————————————————————
Profit before taxation210,696,55990,112,31645,429,87415,767,831
Taxation(73,743,796)(31,593,336)(15,900,456)(4,451,336)
 ————————————————————
Profit after taxation136,952,76358,518,98029,529,41811,316,495
Other comprehensive income----
 ————————————————————
Total comprehensive income for

the period

    
136,952,76358,518,98029,529,41811,316,495
 ————————————————————
EARNINGS PER SHARE9.123.901.970.75
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For more information, contact:

Mohammad Siddiq

Company Secretary

The Thal Industries Corporation Limited

23- Pir Khurshid Colony,

Multan,Pskistan.

Tel: +9261 6524675

Fax: +9261 6524676