The profit after tax of International Steel Limited has increased to Rs 1,003.345 million in the quarter ended September 30, 2017 as compared to Rs 565.718 million earned in the corresponding period in 2016. The board of directors of the company in its meeting held here on Tuesday declared that the company's earning per share increased to Rs 2.31 in the period under review against Rs 1.30 in the same period a year back.
According to the financial results sent to Pakistan Stock Exchange, the company's net sales increased to Rs 10.708 billion in this quarter against Rs 6.585 billion in the same quarter last year while the cost of sales increased to Rs 8.939 billion against Rs 5.522 billion. The company's profit before taxation increased to Rs 1,397.059 million in this quarter against Rs 775.900 million in the same quarter last year.
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