International Steel Limited has posted Rs 565.718 million as profit after tax in the quarter ended September 30, 2016 as compared to after tax loss of Rs 202.585 million in the same quarter last year. The board of directors of the company in its meeting held on Tuesday declared that the earning per share of the ISL stood at Rs 1.30 in the period under review against per share loss of Rs 0.47 in the same period in 2015.
According to the financial results, the company's net sales increased to Rs 6.586 billion in the first quarter of FY17 against Rs 2.862 billion in the same quarter in FY16 while the cost of sales surged to Rs 5.522 billion against Rs 2.733 billion. The company earned Rs 775.900 million as profit before taxation in this quarter against before tax loss of Rs 205.845 million in the same quarter last year.
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