International steels observe 43% increase in annual profits

Financial Results for the Year Ended June 30th 2018 ('000 Rupees)

Jun-18

Jun-17

% Change

Net Sales

                     47,620,719

                     33,732,622

41.17%

Cost of Sales

                  (40,047,664)

                  (27,826,505)

43.92%

Gross profit

                       7,573,055

                       5,906,117

28.22%

Administrative Expenses

                        (285,397)

                        (214,876)

32.82%

Selling and distribution expenses

                        (434,292)

                        (333,794)

30.11%

Finance costs

                        (539,116)

                        (455,500)

18.36%

Other operating charges

                        (661,595)

                        (424,951)

55.69%

Other income

                           150,657

                           131,778

14.33%

Profit before taxation for the year

                       5,803,312

                       4,608,774

25.92%

Taxation

                     (1,438,354)

                     (1,564,752)

-8.08%

Profit after taxation for the year

                       4,364,958

                       3,044,022

43.39%

Earnings per share - basic and diluted (Rupees)

                               10.03

                                  7.00

43.29%