Thal Limited Review at FinGad.com

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Categorie: IPO / Secondary Offering
Submitted 4 months ago by

Xpertwriter , CEO At E-HostingJunction.com at Spectrum Resumes , Inc

Thal Limited (formerly Thal Jute Mills Limited) enjoys the distinction of being the pioneer industrial project of the House of Habib. The company was incorporated on January 31, 1966 as a public limited company by shares and is listed on the Karachi and Lahore stock exchanges.Its name has changed from Thal Jute Mills Limited to Thal Limited and was approved by the SECP in February 2004. The company has a sound financial base. Its authorized capital is Rs 100 million and the paid up capital is Rs 70 million and the free reserve is Rs 500 million. Thal commands a market share of about 26% of the total production of 12 jute mills operating in the country.The company is engaged in manufacture of jute goods and assembly and making of engineering goods consisting of auto air conditioners, wire harness and heater blowers. There was an amalgamation of Khyber Papers (Pvt) Ltd and Pakistan Papersack Corporation Ltd with Thal Limited, becoming effective from July 1, 2005.RECENT RESULTS - H108 The sales turnover for the half-year ended December 31, 2007 was Rs 3.318 billion as against Rs 3.031 billion in the same period last year (SPLY) reflecting a growth of 9.5%. The profit before tax increased to Rs 521.47 million compared to Rs 509.08 million for the SPLY.The profit after tax also registered an increase to Rs 382.79 million compared to Rs 358.46 million in the corresponding period last year. The ba... More...

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#1 | Liz @ 4 months ago User Rank : 662 Portfoilo Balance: $216,918.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: Thal Ltd. has been able to grow revenues from 5.9B to 6.8B every year. Plus, the company has been able to reduce the percentage of sales devoted to income tax expense from 5.10% to 5.00%. That's really impressive!
#2 | Xpertwriter @ 4 months ago CEO At E-HostingJunction.com at Spectrum Resumes , Inc User Rank : 1648 Portfoilo Balance: $176,828.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: Yeah , They have been very progressive in the last quarter and improving well
#3 | Xpertwriter @ 4 months ago CEO At E-HostingJunction.com at Spectrum Resumes , Inc User Rank : 1648 Portfoilo Balance: $176,828.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: Comments are Welcome

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