The Thal Industries Corporation Limited’s financial results for the 3rd quarter ended 30th June 2012

Karachi, July 25, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company held their meeting on Wednesday 25th July, 2012 at 10-30 a.m. at the Registered Office, 23- Pir Khurshid Colony, Gulgasht, Multan approved the Financial Results of the Company for the 3rd Quarter ended 30-06-2012.

The Financial Results of the Company are as follows:

Period ended

Quarter ended

30 June 2012

30 June 2011

30 June 2012

30 June 2011

Rupees

Rupees

Rupees

Rupees

Sales – Net

5,515,815,900

4,626,979,101

2,167,441,291

2,059,225,942

Cost of sales

(5,018,900,540)

(4,060,699,524)

(1,847,722,059)

(2,002,001,120)

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————-

————-

————-

Gross profit

496,915,360

566,279,577

319,719,232

57,224,822

Operating expenses
Distribution and selling expenses

(47,836,470)

(30,799,354)

(14,505,753)

(8,339,383)

Administrative expenses

(113,630,357)

(102,899,065)

(32,531,503)

(26,094,670)

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————-

————-

————-

(161,466,827)

(133,698,419)

(47,037,256)

(34,434,053)

————-

————-

————-

————-

Operating profit

335,448,533

432,581,158

272,681,976

22,790,769

Other operating income

22,867,896

16,435,384

9,378,882

8,521,608

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————-

————-

————-

358,316,429

449,016,542

292,060,858

31,312,377

Finance cost

(244,410,495)

(377,053,524)

(100,455,771)

(181,135,211)

Other expenses

(5,695,297)

(3,598,151)

(5,695,297)

7,491,142

————-

————-

————-

————-

(250,105,792)

(380,651,675)

(106,151,068)

(173,644,069)

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————-

————-

————-

Profit/ (Loss) before taxation

108,210,637

68,364,867

185,909,790

(142,331,692)

Taxation

(55,158,159)

(46,269,791)

(21,674,413)

27,474,005

————-

————-

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Profit/ (Loss) after taxation

53,052,478

22,095,076

164,235,377

(114,857,687)

Other comprehensive income

-

-

-

-

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————-

————-

————-

Total comprehensive income/ (loss)
for the period

53,052,478

22,095,076

164,235,377

(114,857,687)

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————-

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Earnings/ (Loss) Per Share-Basic and Diluted

3.53

1.47

10.93

(7.65)

For more information, Contact:
Wasif Mahmood
Company Secretary
The Thal Industries Corporation Limited
23-Pir Khurshid Colony,
Multan, Pakistan.
Phone: 061-6524675, 6524621
Fax: 061-6524676