Karachi, The International Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on August 26, 2021.
The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for Year ended June 30, 2021 which portrayed a profit of Rs. 2,314,562 and Rs. 8,717,406 with earnings per share 17.55 and 41.38 basic and diluted respectively.
Further, 65% 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 30, 2021 (both days inclusive).
International Industries Limited is Pakistan’s largest manufacturer of steel pipes & tubes, stainless steel tubes and polymer pipes & fittings with an annual manufacturing capacity of 817,000 tons and annual revenues of almost PKR 18.9 billion.
The Company is engaged in the business of manufacturing and marketing of galvanized steel pipes, precision steel tubes, API line pipes, polymer pipes & fittings.
The Company has quoted total number of shares on Pakistan Stock Exchange Limited that are 131,881,860. The Earnings per shares is (5.26) in 2020 which was 11.94 in 2019. The Profit After Taxation in 2020 is (694,205,000) which was 1,574,713,000 in 2019.