Thal Limited’s profit up 87%

Earnings stand at Rs2.8b compared to Rs1.5b earlier

KARACHI: Thal Limited, a subsidiary of the House of Habib, reported an after-tax profit of Rs2.8 billion or Rs30.5 per share in the financial year ended June 30, 2015, up by 87% compared to Rs1.5 billion or Rs15.7 per share in FY14.

The company’s revenues for the year were Rs19 billion, up 33% compared to Rs14 billion in FY14.



The result announcement came with a cash dividend of Rs5 per share, which was in addition to an interim dividend of Rs7.5 per share already paid.

Thal Limited is a group of companies engaged in the manufacture of engineering products, jute products, laminate sheets and paper sacks.

ICI Pakistan

ICI Pakistan reported a net profit of Rs2.3 billion or Rs25 per share for the year ended June 2015, up 24% compared to Rs1.8 billion or Rs20 per share in the previous year. The company’s revenues decreased slightly by 0.25% to Rs42.6 billion compared to Rs42.7 billion in FY14.

The company also announced a cash dividend of Rs6.5 per share for the year, which is in addition to an interim dividend of Rs5 per share already paid.

Published in The Express Tribune, August 28^th,  2015.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.