Karachi, Thal Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 23, 2018.
The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for quarter ended December 31, 2017 which portrayed a profit of Rs. 773,606 and Rs. 854,239 with earnings per share 9.55 and 9.35 basic and diluted respectively.
Further, 50% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from March18, 2018 to March24, 2018 (both days inclusive).
Thal Limited incorporated in Pakistan on January 31, 1966 as a public company limited under the Companies Ordinance, 1984. It operates under the umbrella of House of Habib Group. The company is engaged in the manufacturing of jute goods, engineering goods, paper sack and laminate sheets. The jute operations of the company are located at Muzaffargarh, engineering operations at Karachi, paper sack operations at Hub and Gadoon and laminate operations are located at Hub. The registered office of the company is located in Karachi. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges.
The subsidiary companies of Thal Limited include Makro-Habib Pakistan Limited, Pakistan industrial aids private limited and Nobel computer services private limited.
The symbol “THALL” is being used by the stock exchange for the shares of Thal Limited.