Corporate Alert: International Steels Ltd. declares a dividend of Rs. 1.00/- per share, reports an EPS of 7.00 for the year ended June 30, 2017

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By MG News | August 15, 2017 at 02:59 PM GMT+05:00

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International Steels Ltd. announced Financial Results for the year ended June 30, 2017.

The company’s Net Sales for the period increased by 65% in the outgoing year, whereas the Profit after Taxation for the Period increased by 158% for the period.

The board has recommended the payment of a 10% final cash dividend i.e. Rs 1.0 per share in addition to the interim dividend of 25% already paid, making a total dividend of 35% i.e. Rs. 3.50 per share for the year ended June 30, 2017..

Comparison of Key Financials:

Financial Results - For year Ended

Key Financials

June 30, 2017

June 30, 2016

% Change

Net Sales

33,732,622

20,492,097

65%

Cost of Sales

27,826,505

17,585,833

58%

Gross Profit

5,906,117

2,906,264

103%

Admin Expenses

214,876

161,479

33%

Selling & Distribution Expenses

333,794

206,862

61%

Financial Charges

455,500

731,525

-38%

Other Operating Charges

424,951

264,675

61%

Other Income

131,778

112,773

17%

Profit before taxation for the year

4,608,774

1,654,496

179%

Taxation - net

1,564,752

475,532

229%

Profit after taxation for the year

3,044,022

1,178,964

158%

EPS - basic and diluted

7

2.71

158%

 

Rupees in Thousands

The complete statements can be accessed here.

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