International Steels : Financial Results for the Quarter Ended 31-03-2022
April 21, 2022 at 04:25 am EDT
Share
0 rnienaiiona
siees umiieo
Shaping Tomorrow
The General Manager
April 21, 2022
Pakistan Stock Exchange Limited Off: I. I. Chundrigar Road KARACHI.
RE: FINANCIAL RESULTS FOR THE NINE MONTHS ENDED 31-03-2022
Dear Sir,
We are pleased to inform you that the Board of Directors of International Steels Limited in their meeting held on April 21, 2022 at 10.30 a.m. at the registered office / through video conference reviewed the financial results of the Company for the quarter and nine months ended March 31, 2022 and recommended the following;
(iii) ANY OTHER PRICE SENSITIVE INFORMATION The financial results of the Company are enclosed.
The 3' Quarterly Report of the Company for the period ended will be transmitted through PUCARS separately, within the specified time and shall also be made available on ISL's websitewww.isl.com.pk
You may please inform the members of the Exchange accordingly.
Thanking you,
Yours faithfully,
For INTERNATIONAL STEELS LIMITED
M. IRFANBHATT1
Company Secretary & Head of Legal
CC:
1. The Director (Enforcement)
The Director/Head of Department, Surveillance, Supervision and Enforcement Securities & Exchange Commission of Pakistan
NlC Building, 63 Jinnah Avenue, Blue Area, Islamabad
:"
--
UKAS
UKAS
,
UKAS
001
001
001
Head Office: 101 Beaumont Plaza, 10 Beaumont Road, Karach-75530, Pakistan
INTERNATIONAL STEELS LIMITEDCONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED) FOR THE NINE MONTHS ENDED MARCH 31, 2022
Note
2022
Revenue from contracts with customers
12
70,557,394
50,917,815
27,262,920
17,401,868
Cost of sales
(61,043,302)
(41,865,151)
(24,959,333)
(13,305,270)
Gross profit
9,514,092
9,052,664
2,303,587
4,096,598
Selling and distribution expenses
(742,502)
(615,538)
(346,036)
(256,701)
Administrative expenses
(239,569)
(276,143)
(74,720)
(130,962)
(982,071)
(891,681)
(420,756)
(387,663)
Finance cost
(905,649)
(595,932)
(361,297)
(158,037)
Other operating charges
(755,231)
(609,386)
(169,870)
(253,218)
(1,660,880)
(1,205,318)
(531,167)
(411,255)
Other income
174,774
364,336
21,951
54,772
Profit before taxation
7,045,915
7,320,001
1,373,615
3,352,452
Taxation
13
(1,690,701)
(2,167,865)
(242,065)
(974,443)
Profit after taxation
5,355,214
5,152,136
1,131,550
2,378,009
Earnings per share - basic
and diluted (Rupees)
12.31
11.84
2.60
5.47
(Rupees in '000)
Nine months ended March31, March31, 2021
Three months ended March 31, March31, 2022 2021
The annexed notes 1 to 18 form an integral part of these condensed interim financial statements.
Nihal Cassim
Mujtaba Hussain
Yousuf H. Mirza
Director & Chairman
Chief Financial Officer
Chief Executive Officer
Board Audit Committee
Attachments
Original Link
Original Document
Permalink
Disclaimer
International Steels Ltd. published this content on 21 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 April 2022 08:24:04 UTC.
International Steels Limited is a flat steel manufacturer and exporter. The primary activity of the Company is the business of manufacturing of cold rolled, galvanized and color coated steel coils and sheets. It has a capacity to produce approximately 1,000,000 metric tons of cold rolled steel annually. Its cold rolled steel serves various industrial segments, including automobile, home appliances, furniture, drum, tube, filter, and tin-plate. Its hot dip galvanized steel is coated with molten zinc and processed on an automated production line. This product is offered in bright finish with regular or minimum spangle for general fabrication. The Company produces color coated sheets on various substrates, including cold rolled, galvanized, galvalume, aluminum, and stainless-steel sheets. It offers a range of product specifications, ranging from drawable, deep drawable, to commercial grades, and surface finishes from bright to dull, to meet commercial or industrial needs of customers.
INTERNATIONAL STEELS LIMITED 
