Board Meeting in Progress of The International Industries Limited

Karachi, The International Industries Limited informed Pakistan Stock Exchange that a meeting of the Board of Directors of the Company scheduled to be held on May 30, 2022 at Karachi to consider the Interim Financial Statements for the period ended March 31, 2022 is in progress.

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.