inieauaiiona
AMIRS.
STeeLS LIII1ITODA member of AS' CHINOY
GROUP
Shaping Tomorrow
The General Manager | August 20, 2024 |
Pakistan Stock Exchange Limited | |
Off: I. I. Chundrigar Road | |
KARACHI. | |
RE: FINANCIAL RESULTS FOR THE YEAR ENDED 30-06-2024 | |
Dear Sirs, |
We are pleased to inform you that the Board of Directors of International Steels Limited in their meeting held on August 20, 2024 at the registered office of the Company! through video conference, reviewed the annual audited financial results of the Company for the year ended June 30, 2024 and recommended the following:
-
CASH DWIDEND
A final cash dividend of Rs. 3 per share i.e. 30%. This is in addition to the Rs. 2.5 i.e. 25% interim cash dividend already announced and paid, making a total dividend of Rs. 5.5 per share i.e. 55% per share for the year ended June 30, 2024. - BONUS SHARES -NIL
- RIGHT SHARES -NIL
- ANY OTHER ENTITLEMENT I CORPORATE ACTION -NIL
- ANY OTHER PRICE SENSITIVE INFORMATION The financial results of the Company are enclosed.
Annual General Meetina:
The 17th Annual General Meeting of the Company will be held on Tuesday, September 24, 2024 at 10:30 a.m. at the Beach Luxury Hotel, Off: M.T. Khan Road, Karachi. Members are encouraged to attend the meeting through video conferencing.
Book Closure:
The Share Transfer Books of the Company will remain closed from September 17, 2024 to September 24, 2024 (both days inclusive). Transfers received in order at the offices of our Shares Registrar M/s THK Associates (Pvt.) Ltd., Plot No. 32-C, Jami Commercial Street 2, D.H.A, Phase VII, Karachi-75500 by the close of business on September 16, 2024 or updated on Central Depository System as per CDC regulations, will be treated in time to establish the right to attend the 1 7" Annual General Meeting and for the entitlement of 30% Final Cash Dividend i.e. Rs. 3 per share.
The Annual Report of the Company will be transmitted electronically and through PUCARS at least 21 days before the holding of the Annual General Meeting and shall also be made available on our website www.isl.com.pk.
Head Office: 101 Beaumont Plaia, 10 Beaumont Road. Karachi- 75530. Pakistan | ISO 9001 2015 Quality Management System |
ISO 14001 :2015 Environment Management System | |
Phone: +9221 111019019 I Fax: +922135680373 Email: info@isl.com.pk I Website: www.isl.com.pk | |
ISO 45001 :2018 Occupational Health & Safety Management System |
ioienaiiona
AMIRS.
seesLIITODA member of AA5• CHINOY GROUP
Shaping Tomorrow
You may please inform the members of the exchange accordingly.
Thanking you,
Yours faithfully,
For INTERNATIONAL STEELS LIMITED.,
ZOHAIB RAZA MERCHANT
Company Secretary and Head of Legal
-
Director/HOD, Surveillance,
Surveillance, Supervision and Enforcement Department, Securities & Exchange Commission of Pakistan,
NIC Building, 63 Jinnah Avenue, Blue Area, Islamabad.
Head Office: 101 Beaumont Plaza. 10 Beaumont Road, Karachi - 75530. Pakistan | ISO 9001: 2015 Quality Management System |
ISO 14001 :2015 Environment Management System | |
Phone: +9221 111019019 I Fax: +922135680373 I Email: info@isl.com.pk I Website: www.isl.com.pk | |
5045001 :2018 Occupational Health & Safety Management System |
INTERNATIONAL STEELS LIMITED | |||
STATEMENT OF PROFIT OR LOSS | |||
FOR THE YEAR ENDED JUNE 30, 2024 | |||
(Restated) | |||
Note | 2024 | 2023 | |
(Rupees in '000) | |||
Revenue from contracts with customers | 24 | 69,299633 | 76753.334 |
Cost of sales | 25 | (60,726,441) | (66,145,658) |
Gross profit | 8,573,192 | 10,607,676 | |
Selling and distribution expenses | 26 | (2,090,474) | (997,224) |
Administrative expenses | 27 | (472,739) | (389,057) |
(2,563,213) | (1,386,281) | ||
Operating profit | 6,009,979 | 9,221,395 | |
Finance cost | 28 | (856,088) | (2,264,167) |
Other expenses | 29 | (588,930) | (1921,613) |
(1,445,018) | (4,185,780) | ||
Other income | 30 | 133,384 | 155,796 |
Profit before levies and income tax | 4,698,345 | 5,191,411 | |
Levies | 31 | (223,913) | (167,362) |
Profit before income tax | 4,474,432 | 5,024,049 | |
Income tax expense | 32 | (819,618) | (1.505.259) |
Profit for the year | 3,654,814 | 3,518,790 | |
(Rupees) | |||
Earnings per share - basic and diluted | 33 | 8.40 | 809 |
The annexed notes from 1 to 45 form an integral part of these financial statements.
Nihal Cassim | Mujtaba Hussain | Yousuf H. Mlrza |
Director & Chairman | Chief Financial Officer | Chief Executive Officer |
Board Audit Committee |