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

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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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