Corporate Result: ISL profitability declined by 72% in 3rd Quarter

0
216

International Steel Limited (ISL) has announced the financial results for nine months ended March 31, 2020, whereby it has reported Profit After Tax of Rs. 655.5 Mn showing a decline of 72% as compared to the the profits of last year. The company announced the Earnings of Rs. 1.51, showing a decline of 72% as compared to the last year.

During the period under review, the sales of the company were slightly declined by 9.1% at Rs. 38.4 Bn as compared to the last year. The cost of sales slightly declined to Rs. 35 Bn which translated into the Gross Profit of Rs. 3.39 Bn.

Furthermore, the Finance cost of the company was increased by 73% and recorded at Rs. 1.74 Bn.

ISL – 3rd Quarter

Quarter ended

EPS 2019 = 0.44 PKR
EPS 2018 = 1.41 PKR

Nine Months Ended

EPS 2019 = 1.51 PKR
EPS 2018 = 5.42 PKR

Cash Dividend = NIL
Bonus Share = NIL