21
Feb
12:23
ISL profit surges on prudent capital management, procurement
Pakistan-based cold roller International Steels Ltd (ISL) reports profit after tax surged by 3,765% year-on-year to PKR 2.35 billion ($8.41 million) for the six months through December 2023, according to its exchange filing.
ISL attributed its strong performance to effective working capital management and an efficient procurement strategy, Kallanish notes.
Working capital management helped reduce the company’s financial charges by 77.5% y-o-y to PKR 371m. …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous