International Steels earns Rs2.66bn

KARACHI: International Steels Ltd posted FY19 profit after tax (PAT) at Rs2.66 billion, translating into earnings per share at Rs6.12, registering a dip of 39pc year-on-year.

The board announced final cash dividend at Rs1.50 per share, taking the total FY19 payout to Rs3 per share.

For the fourth quarter, PAT plunged 73pc to Rs305 million and EPS at Rs0.70. The decline in 2Q earnings were due to higher tax charge.

Bank Alfalah profits up 12pc

KARACHI: Bank Alfalah Ltd declared PAT at Rs3.27bn (EPS: Rs1.84), showing growth of 12pc year-on-year for 2QCY19.

Cumulative earnings for 1H2019 stood at Rs6.45bn (EPS: Rs3.63), up by 4pc. Along with the results, the board also declared cash diviend at Rs2 per share.

Published in Dawn, August 20th, 2019