Agha Steel Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2022
February 27, 2023
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Agha Steel Industries Limited reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported sales was PKR 5,919.76 million compared to PKR 7,514.09 million a year ago. Revenue was PKR 5,059.33 million compared to PKR 6,422.3 million a year ago. Net income was PKR 248.82 million compared to PKR 619.35 million a year ago. Basic earnings per share from continuing operations was PKR 0.41 compared to PKR 1.02 a year ago.
For the six months, sales was PKR 11,422.82 million compared to PKR 14,704.04 million a year ago. Revenue was PKR 9,763.09 million compared to PKR 12,567.56 million a year ago. Net income was PKR 402.15 million compared to PKR 1,177.64 million a year ago. Basic earnings per share from continuing operations was PKR 0.66 compared to PKR 1.95 a year ago.
Agha Steel Industries Limited is a Pakistan-based company, which is principally engaged in manufacturing and sale of steel bars, wire rods and billets. The Companyâs production plants are situated at plot no. N.W.I.Z. / 1 / P-133, (SP-6 & 6A), D-2, Port Qasim Authority, Karachi. The Company also has a backup server facility at Lahore and Islamabad. The Company has a production capacity of approximately 450,000, 250,000 and 16,800,000 megatons of billets, bars and liquid gases respectively.