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Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on Wednesday the 25th January 2012 at 10:30 a.m. at the Registered Office at 23-Pir Khurshid Colony, Gulgasht, Multan recommended the unaudited accounts of the Company for the 1st Quarter ended 31-12-2011.
| The financial results of the Company are as follows: | 31 December 2011 | 31 December 2010 |
| Rupees | Rupees | |
| Sales-net | 1,304,996,801 | 945,640,393 |
| Cost of Sales | (1,267,188,537) | (696,781,197) |
| ————- | ———– | |
| Gross profit / (loss) | 37,808,264 | 248,859,196 |
| Operating expenses | ||
| Distribution and selling expenses | (6,546,603) | (5,716,374) |
| Administrative Expenses | (37,259,420) | (36,394,803) |
| ————- | ———– | |
| (43,806,023) | (42,111,177) | |
| ————- | ———– | |
| Operating profit / (loss) | (5,997,759) | 206,748,019 |
| Other Operating Income | 2,211,153 | 3,481,328 |
| ————- | ———– | |
| (3,786,606) | (210,229,347) | |
| Finance Cost | (60,216,829) | (36,264,415) |
| Other Expenses | – | (8,698,247) |
| ————- | ———– | |
| (60,216,829) | (44,962,662) | |
| ————- | ———– | |
| Profit/ (Loss) before taxation | (64,003,435) | 165,266,685 |
| Taxation-Current | (13,049,968) | (57,843,340) |
| ————- | ———– | |
| Profit/ (loss) after taxation | (77,053,403) | 107,423,345 |
| ————- | ———– | |
| Other comprehensive income/ (loss) for the period | – | – |
| ————- | ———– | |
| Total comprehensive / (loss) for the period | (77,053,403) | 107,423,345 |
| ————- | ———– | |
| Earnings Per Share –Basic and diluted | (5.13) | 7.15 |
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