Pakistan's flat steel producer International Steels Limited (ISL) has announced its financial results, which ended on 31st December, 2022. International Steels Limited's production facilities for the production of cold rolled steel, galvanized steel and painted steel are located in Karachi with an annual production capacity of 1 million tons.
The company's profit after tax decreased 98.6% y-o-y in the first half of 2022 to PKR 60.87 million (USD 0.23 million). However, the company's net income decreased 21.6% y-o-y to PKR 33.93 billion (USD 129 million).
The company's financing cost was PKR 1.65 billion (USD 6.2 million), a significant increase of 203.5% y-o-y.
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