Thal Limited’s financial results for the year ended June 30, 2011

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Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Thursday, August 25, 2011 at 1:00 PM (meeting concluded at 3:15 PM) recommended the following:-

Cash Dividend

A final cash dividend for the year ended June 30, 2011 @ Rs 2.50 per share i.e. 50%.

Bonus Shares

It has been recommended by the Board of Directors to issue Bonus Shares in the proportion of / Share for every 5 shares held i.e. 20%.

The Financial results of the Company for the year ended June 30, 2011 are as follows:-

 

	Rupees
	year of 30th June
	2011		2010
Turnover – Net	11,484,157		11,253,047
Cost of Sales	9,448,757		8,800,996
	————		————-
Gross Profit	2,035,400		2,452,051
Distribution costs	(106,258)		(90,418)
Administrative Expenses	(274,144)		(257,950)
	————		————-
	(380,402)		(348,368)
Other operating income	234,650		170,494
	————		————-
Operating Profit	1,889,648		2,274,177
Finance costs	(147,777)		(95,285)
Other charges	(120,366)		(150,017)
	————		————-
	(268,143)		(245,302)
	————		————-
Profit before taxation	1,621,505		2,028,875
Taxation	531,505		2,028,875
	————		————-
Profit after taxation	1,090,078		1,366,290
	————		————-
	Restated
Basic and diluted earnings per share	Rs.17.76	Rs.22.26

 

 

Annual General Meeting:

The forty-fifth Annual General Meeting of the Members of the Company will be held on Monday, the October 17, 2011 at 9:30 A.M. at the institute of Chartered Accountants of Pakistan, Chartered Accountants Avenue, Clifton, Karachi.

The above entitlement will be issued to the shareholders whose names will appear n the Register of the members on October 10 2011.

Book Closure

The Share Transfer Books of the Company will remain closed from October 11, 2011 to October 17, 2011 (both days inclusive). Transfers received at the M/s. Noble Computer Services (Pvt.) Limited, Shares Department1 1st Floor, House of Habib, 3-Jinnah C. H. Society, Block 7/8, Sharea Faisal, Karachi, at the close of Business on October 10, 2011 will be treated in time for the purpose of above entitlement to the transferees.

 

For more information contact:
Thal Limited
4th Floor, House of Habib,
3 – Jinnah C.H. Society,
Block – 7/8, Sharea Faisal,
Karachi – 75350.
Tel: (92-21) 431-2030
Fax: (92-21) 431-2318
Email: tl@hoh.net
Web: www.thallimited.com