Amreli Steels Ltd posts Rs678 million loss in 2022-23

  • Wednesday, September 13, 2023
  • Source:ferro-alloys.com

  • Keywords:Amreli Steels Ltd, loss
[Fellow]In the April-June quarter, its loss amounted to Rs969m versus a loss of Rs509m in the same three-month period a year ago.
 
Amreli Steels Ltd posted a loss of Rs678 million in 2022-23 against earnings of Rs1.3 billion a year ago, the company said on Friday.
 
In the April-June quarter, its loss amounted to Rs969m versus a loss of Rs509m in the same three-month period a year ago.
 
Meanwhile, net profit of Ismail Industries Ltd amounted to Rs5.9bn in 2022-23, up 156.7 per cent from a year ago. Its sales clocked in at Rs100.6bn after increasing 53pc on an annual basis.
 
The company also announced a cash dividend of Rs2 per share, which is in addition to a Rs10 per share pay-out announced during the fiscal year.
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  • [Editor:kangmingfei]

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