Financial results of Aisha Steel Mills Limited for Quarter ended December 31, 2017

Financial Results

Karachi, Aisha Steel Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February12, 2018.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2017 which portrayed a profit of Rs. 492,171 with earnings per share 0.58 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from February 03, 2018 to February 12, 2018 (both days inclusive).

Aisha Steel Mills Limited is a company incorporated in Pakistan on May 30, 2005. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activities of the business are supplying cold rolled steel coils to local and international customers. The company has entered into a strategic tie-up with Mitsubishi Corporation and ensures seamless marketing, sales, and distribution of its products. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located at Karachi.

The company is a joint venture between blue chip Pakistani and Japanese business groups which are Arif Habib Group, Pakistan Metal One Corporation, Japan, and Universal Metal Corporation, Japan. The capacity of the plant is 220,000 metric tons per year.

The symbol “ASL” is being used by the stock exchanges for the shares of Aisha Steel Mills Limited.