Karachi, International Steels Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 24, 2021.
The agenda of the meeting was discussion of profit and loss account for Year ended June 30, 2021 which portrayed a profit of Rs. 7,466,331 with earnings per share 17.16 basic and diluted respectively.
Further, 30% payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from September 21, 2021 to September 29, 2021 (both days inclusive).
International Steels Limited was set up in 2007 as a public limited company. It is a subsidiary of International Industries Limited. The Company manufactures cold rolled, galvanized and color coated steel coils and sheets.
ISL’s manufacturing facilities are located on 32 acres in the port city of Karachi, where the company produces Cold Rolled Steel, Galvanized Steel and Color Coated Steel for numerous industrial and commercial applications. The company has a strong nationwide supplier network that is served through regional offices in Lahore, Islamabad and Multan. ISL exports its products to more than 20 countries worldwide. The company has a production capacity of over 1,000,000 Metric Tons.
The Company has quoted its shares that are 435,000,000. The Earnings per shares of the Company is 1.14 in 2020 which was 6.12 in 2019. Their Profit after Taxation is 494,851,000 in 2020 which was 2,664,373,000 in 2019.