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