The Thal Industries Corporation Limited’s financial results for the 3rd quarter ended 30TH June 2013.

Karachi, July 25, 2013 (PPI-OT): We have to inform you that the Board of Directors of our Company held their meeting on Wednesday 24th July, 2013 at 10.30 a.m. at the Lahore Office 2D/1, Gulberg III, Lahore, approved the Financial Results of the Company for the 3rd Quarter ended 30-06-2013.

The Financial Results of the Company are as follows:

                                                              Period ended                         Quarter ended
                                                    30 June 2013      30 June 2012       30 June 2013       30 June 2012
                                                       Rupees            Rupees             Rupees             Rupees

Sales-Net                                          6,341,763,917     5,515,815,900      3,251,904,376      2,167,441,291
Cost of sales                                     (5,533,454,776)   (5,018,900,540)    (2,935,148,735)    (1,847,722,059)
                                                   -------------     -------------      -------------      -------------
Gross profit                                         808,309,141       496,915,360        316,755,641        319,719,232
Operating expenses
Distribution and selling expenses                    (78,821,767)      (41,836,470)       (33,862,247)       (14,505,753)
Administrative expenses                             (157,755,253)     (113,430,357)       (54,740,784)       (32,531,503)
                                                   -------------     -------------      -------------      -------------
                                                    (236,577,020)     (161,466,827)       (88,603,031)       (47,037,256)
                                                   -------------     -------------      -------------      -------------
Operating profit                                     571,732,121       335,448,533        228,152,610        272,681,976
Other operating income                                 8,650,726        22,867,896          6,691,342         19,378,882
                                                   -------------     -------------      -------------      -------------
                                                     580,382,847       358,316,429        234,843,952        292,060,858
Finance cost                                        (282,578,729)     (244,410,495)      (130,024,634)      (100,455,771)
Other expenses                                       (20,437,538)       (5,695,297)        (7,193,483)        (5,695,297)
                                                   -------------     -------------      -------------      -------------
                                                    (303,016,267)     (250,105,792)      (137,218,117)      (106,151,068)
                                                   -------------     -------------      -------------      -------------
Profit/ (loss) before taxation                       277,366,580       108,210,637         97,625,835        185,909,790
Taxation                                             (94,304,637)      (55,158,159)       (31,395,376)       (21,674,413)
                                                   -------------     -------------      -------------      -------------
Profit/ (loss) after taxation                        183,061,943        53,052,478         66,230,459        164,235,377
Other comprehensive income                                   -                 -                  -                  -
                                                   -------------     -------------      -------------      -------------
Total comprehensive income/(loss) for the -
period                                               183,061,943        53,052,478         66,230,459        164,235,377
                                                   -------------     -------------      -------------      -------------
Earnings/ (Loss) per Share-Basic
and Diluted                                                12.19              3.53               4.41              10.93
                                                   -------------     -------------      -------------      -------------

We will be sending you 300 printed copies of accounts for distribution amongst the members of the Exchange.

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

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