Thal Limited Reports Earnings Results for the Third Quarter Ended March 31, 2020
April 23, 2020 at 07:24 am EDT
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Thal Limited announced earnings results for the third quarter ended March 31, 2020. For the third quarter, the company announced sales was PKR 5,832.227 million compared to PKR 6,253.263 million a year ago. Operating income was PKR 1,150.209 million compared to PKR 1,479.648 million a year ago. Net income was PKR 1,122.571 million compared to PKR 1,139.334 million a year ago. Basic earnings per share was PKR 13.85 compared to PKR 14.06 a year ago. For the nine months, sales was PKR 14,075.996 million compared to PKR 17,372.159 million a year ago. Operating income was PKR 2,824.331 million compared to PKR 3,783.256 million a year ago. Net income was PKR 2,649.054 million compared to PKR 2,899.679 million a year ago. Basic earnings per share was PKR 32.69 compared to PKR 35.79 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.
THAL LIMITED 
