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International Steels Limited’s Financial Results for the 1st Quarter Ended 30-09-2011

Karachi:  We are pleased to inform you that the Board of Directors of International Steels Limited (ISL) at their meeting held today, October 13, 2011 has decided as follows:

Financial Results:

The financial results for the 1st quarter ended September 30, 2011 are as follows:

(Rs.000,s)

1st Quarter ended

30-09-2011 30-09-2010
Sales (Net) 3,096,271
Cost of Sales (2,895,893)
——— ———
Gross Profit 200,378
Administrative expenses (13,440)
Selling and Distribution expenses (13,136)
Financial Charges (192,691) (404)
Other Operating Charges (90,097)
Other Operating Income 16,970 9,995
——— ———
Loss before Taxation (92,016) 9,591
Taxation (631)
——— ———
Loss for the year (92,647) 9,591
——— ———
(Loss)/Earning per share – basic and diluted (0.21) 320.00

You may please inform the members of the Exchange accordingly.

For more information, contact:
Neelofar Hameed
Company Secretary
International Steels Limited
399-405, Rehri Road,
Landhi Industrial Area,
Karachi – 75160,
Pakistan.
Tel: +92 21 3501 3104-5
Fax: +92 21 3501 3108
Email: info@isl.com.pk
Web: www.isl.com.pk

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