IIL profit stands at Rs325.810mn after tax

RECORDER REPORT

KARACHI: The profit after tax of International Industries Limited (IIL) stood at Rs 325.810 million in the year ended June 30, 2012 (FY12) as compared to Rs 1,030.113 million earned in FY11.

The company’s earning per share reduced to Rs 2.72 in the period under review against Rs 8.59 in the same period last year.

The board of directors of the company in its meeting held on Wednesday decided to recommend the payment of a final cash dividend for the year ended June 30 at Rs 2.00 per share i.e. 20 percent. According to the financial results sent to Karachi Stock Exchange, the company’s net sales increased to Rs 16.802 billion against Rs 15.850 billion while cost of sales increased to Rs 14.893 billion against Rs 14.038 billion. The company’s profit before taxation stood at Rs 390.510 million in FY12 against Rs 1,269.113 million in FY11.