Karachi, Thal Industries Corporation Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on May 24, 2022.
The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2022 which portrayed a profit of Rs. 601,069,334 with earnings per share 40.01 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
The Thal Industries Corporation Limited was incorporated in Pakistan on 07 September 1953 as public company limited by shares. The Company is principally engaged in production and sale of refined sugar and its by-products.
The Thal Industries Corporation Limited (TICL) has entered into seventh decade from the time of its incorporation. It produces several grades of quality sugar and involved in the co-generation to export surplus electricity to the national grid. The Company has two sugar manufacturing units, Unit-1: Layyah Sugar Mills, Layyah with a crushing capacity of 13,000 TCD and Unit-2: Safina Sugar Mills, Lalian, Chiniot with a crushing capacity of 8,000 TCD. Thal Industries is equipped with milling tandems that are automated from cane feeding to packaging through PAN, Mill Houses etc.
The total number of shares of the Company is 15,023,200. The Earning per share is 84.12 in 2020 which was 22.78 in 2019. The Profit after tax is 1,263,771,000 in 2020 which was 342,299,000 in 2019.