Metropolitan Steel Corp. Ltd. Announces Earnings Results for the Half Year and Quarter Ended December 31, 2018
Metropolitan Steel Corp. Ltd. announced earnings results for the half year and quarter ended December 31, 2018. For the half year, sales was PKR 10,169,000 compared to PKR 11,167,000 a year ago. Operating loss was PKR 17,379,000 compared to PKR 17,350,000 a year ago. Profit after tax was PKR 12,812,000 compared to loss of PKR 35,713,000 a year ago. Basic earnings per share was PKR 0.414 compared to LPS of PKR 1.153 a year ago.
For the quarter, the company reported sales was PKR 8,838,000 compared to PKR 11,167,000 a year ago. Operating loss was PKR 11,619,000 compared to PKR 12,415,000 a year ago. Profit after tax was PKR 15,438,000 compared to PKR 14,240,000 a year ago. Diluted earnings per share was PKR 0.498 compared to PKR 0.460 a year ago.