The profit after tax of International Industries Limited (IIL) has increased to Rs 1,026.271 million in the fiscal year FY10, as compared to Rs 374.809 million earned in FY09. The company's earning per share increased to Rs 10.27 in the period under review against Rs 3.75 in the same period a year back.
The board of directors of the company in its meeting held on Thursday decided to recommend the payment of a final cash dividend for the year ended June 30, 2010 at Rs 2.50 per share ie 25 percent. This is in addition to 15 percent interim cash dividend already paid, making a total of 40 percent for the year. This dividend will be paid on the existing share capital ie 99,910,516 shares.
According to the financial results sent to Karachi Stock Exchange (KSE), the company's net sales increased to Rs 13.471 billion in FY10 against Rs 12.319 billion recorded in FY09. The cost of goods sold increased to Rs 11.249 billion against Rs 11.152 billion. The company's profit before tax increased to Rs 1,359.271 million in FY10 against Rs 468.809 million in FY09.