The Thal Industries Corporation Limited’s financial results for the year ended 30-09-2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Tuesday, the 27th December, 2011 at 10.30 a.m. at the Registered Office at 23- Pir Khurshid Colony. Gulgasht, Multan recommended the following;-

(i) Cash Dividend

A final Cash Dividend for the year ended 30-09-2011 at Rs. 2.00 per share i.e. 20%.

Financial Results of the Company are as follows:

 

2011

2010

Rupees

Rupees

Sales – net 7,378,519,838  6,535,895,052
Cost of Sales (6,427,704,141)  (5,848,896,969)
 ————- ————-
Gross profit 950,815,697  686,998,083
Operating expenses
Distribution and selling expenses   (45,947,774)   (25,146,659)
Administrative Expenses  (134,090,192)   (131,119,948)
   ————-  ————-
 (180,037,966) (156,266,607)
————- ————-
Operating profit 770,777,731 530,731,476
Other Operating Income 20,169,389 18,254,195
————- ————-
790,947,120 548,985,671
Finance Cost  (478,864,672)  (302,047,584)
Other Expenses  (21,340,962)  (16,946,731)
————- ————-
 (500,205,634) (318,994,315)
 ————- ————-
Profit before taxation 290,741,486 229,991,356
Taxation  (107,044,402)  (110,800,108)
————-  ————-
Profit after taxation 183,697,084 119,191,248
————-  ————-
Other comprehensive income  –
 ————- ————-
Total comprehensive income for the year 183,697,084 119,191,248
 ————- ————-
Earning Per Share – Basic and diluted 12.23 7.93

 

The Annual General Meeting of the Company will be held on 27-01-2012 at 04.00 p.m. at 2 D-1, Gulberg-III, Lahore instead of Registered Office at 23-Pir Khurshid Colony Gulgasht Multan. (Subject to approved of SECP).

The above entitlement of dividend, if approved by the Shareholders will be paid to the shareholders whose names will appear n the Register of the Members on 20-01 -2012.

The Share Transfer Books of the Company will be closed from 21-01-2012 to 27-01-2012 (both days inclusive). Transfers received at the office of Share Registrar of the Company namely M/s. Corplink (Pvt) Limited, Wings Arcade, 1-K, Commercial, Model Town, Lahore at the close of business on 21-01-2012 will be treated in time for the purpose of above entitlement to the transferee.

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

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