Thal Limited Reports Earnings Results for the Second Quarter Ended December 31, 2020
February 26, 2021 at 02:52 am EST
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Thal Limited announced earnings results for the second quarter ended December 31, 2020. For the second quarter, the company announced sales was PKR 6,832.769 million compared to PKR 4,057.265 million a year ago. Operating income was PKR 1,475.289 million compared to PKR 1,043.794 million a year ago. Net income was PKR 1,002.158 million compared to PKR 956.084 million a year ago. Basic earnings per share from continuing operations was PKR 12.37 compared to PKR 11.8 a year ago. For the half year, sales was PKR 12,346.699 million compared to PKR 8,243.769 million a year ago. Operating income was PKR 2,655.760 million compared to PKR 1,674.594 million a year ago. Net income was PKR 2,394.145 million compared to PKR 1,526.483 million a year ago. Basic earnings per share from continuing operations was PKR 29.55 compared to PKR 18.84 a year ago.
Thal Limited is a Pakistan-based company. The Company is engaged in the manufacture of jute goods, engineering goods, packaging, and laminate sheets. The jute operations are located at Muzaffargarh, Punjab, engineering operations at Karachi, Sindh, packaging operations at Hub, Balochistan and Gadoon, Khyber Pakhtunkhwa and laminate operations at Hub, Balochistan. The Company operates through two segments: the engineering segment and the packaging, building material & allied products segment. The Companyâs engineering segment comprises the Thermal & Engine Components Division, and Electric Systems Division. These divisions are primarily focused on the manufacturing of parts for the automotive industry. The Companyâs packaging, building material & allied products segment comprises: Jute Division, Packaging Division, and Laminates Division. The Laminates division operates under the brand name Formite in the engineered surface industry offering technical laminates and laminated boards.