International Steels Limited reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported sales was PKR 17,381.77 million compared to PKR 18,805.14 million a year ago. Net loss was PKR 387.59 million compared to net income of PKR 1,556.04 million a year ago. Basic loss per share from continuing operations was PKR 0.89 compared to basic earnings per share from continuing operations of PKR 3.58 a year ago.
For the six months, sales was PKR 33,925.88 million compared to PKR 43,294.47 million a year ago. Net income was PKR 60.87 million compared to PKR 4,223.67 million a year ago. Basic earnings per share from continuing operations was PKR 0.14 compared to PKR 9.71 a year ago.