Thal Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter Ended March 31, 2021
April 28, 2021 at 03:46 am EDT
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Thal Limited announced unaudited consolidated earnings results for the third quarter ended March 31, 2021. For the third quarter, the company announced sales was PKR 8,516.422 million compared to PKR 5,832.227 million a year ago. Operating income was PKR 1,484.797 million compared to PKR 1,149.737 million a year ago. Net income was PKR 1,643.838 million compared to PKR 1,122.571 million a year ago. Basic earnings per share attributable to the equity holders of the holding company were PKR 20.29 compared to PKR 13.85 a year ago.
For the nine months, sales was PKR 20,863.121 million compared to PKR 14,075.996 million a year ago. Operating income was PKR 4,140.557 million compared to PKR 2,824.331 million a year ago. Net income was PKR 4,037.983 million compared to PKR 2,649.054 million a year ago. Basic earnings per share attributable to the equity holders of the holding company were PKR 49.83 compared to PKR 32.69 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 
