ISL posts Rs 594.022 million PAT

International Steels Limited (ISL) has posted Rs 594.022 million as profit after tax in the quarter ended December 31, 2016 as compared to Rs 124.392 million earned in the same period in 2015. The board of directors of the company in its meeting held on Tuesday declared that the company's earning per share has increased to Rs 1.37 in this quarter against Rs 0.29 in the same quarter a year back.
According to the financial results, the company's net sales increased to Rs 8.634 billion in this quarter against Rs 5.507 billion in the same quarter in 2015 while cost of sales increased to Rs 6.864 billion against Rs 5.318 billion. On six months basis, the company posted Rs 1,159.740 million as profit after tax translating into an earning per share of Rs 2.67 in six months period ended December 31, 2016 as compared to after tax loss of Rs 78.193 million with per share loss of Rs 0.18 in the same period in 2015.