May 27, 2017 8:33 PM ET

Metals and Mining

Company Overview of Amreli Steels Limited

Company Overview

Amreli Steels Limited manufactures and sells steel reinforcement bars in Pakistan. It offers steel billets and deformed bars. The company was founded in 1972 and is headquartered in Karachi, Pakistan.

A/18, S.I.T.E.

Karachi,  75730

Pakistan

Founded in 1972

351 Employees

Phone:

92 21 32587232

Fax:

92 21 32587240

Key Executives for Amreli Steels Limited

Amreli Steels Limited does not have any Key Executives recorded.

Amreli Steels Limited Key Developments

Amreli Steels Limited Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended March 31, 2017

Amreli Steels Limited announced unaudited earnings results for the third quarter and nine months ended March 31, 2017. For the quarter, the company reported sales of PKR 3,576,703,760, operating profit of PKR 492,824,076, profit before taxation of PKR 435,019,963, net profit of PKR 337,139,787 or PKR 1.14 per basic and diluted share compared to the sales of PKR 3,181,515,953, operating profit of PKR 496,070,620, profit before taxation of PKR 444,004,549, net profit of PKR 372,366,058 or PKR 1.25 per basic and diluted share for the same quarter a year ago. For the nine months period, the company reported sales of PKR 10,135,113,885, operating profit of PKR 1,176,333,918, profit before taxation of PKR 989,997,393, net profit of PKR 819,246,365 or PKR 2.76 per basic and diluted share compared to the sales of PKR 8,634,560,090, operating profit of PKR 1,409,765,004, profit before taxation of PKR 1,137,072,748, net profit of PKR 922,029,436 or PKR 3.61 per basic and diluted share for the same period a year ago.

Amreli Steels Limited, Board Meeting, Apr 20, 2017

Amreli Steels Limited, Board Meeting, Apr 20, 2017, at 09:30 Pakistan Standard Time. Agenda: To consider the condensed interim financial statements of the company for the third quarter ended March 31, 2017.

Amreli Steels Limited Announces Unaudited Earnings Results for Second Quarter and Six Months Ended December 31, 2016

Amreli Steels Limited announced unaudited earnings results for second quarter and six months ended December 31, 2016. For the quarter, the company reported sales of PKR 33,399,240,200 against sales of PKR 20,217,230,670 a year ago. Operating profit of PKR 3,841,184,440 against operating profit of PKR 4,034,919,850 a year ago. Profit before taxation of PKR 3,295,936,850 against profit before taxation of PKR 2,909,650,400 a year ago. Net profit for the period of PKR 2,564,648,900 against net profit for the period of PKR 2,178,091,290 a year ago. Basic and diluted per share of PKR 0.86 against basic and diluted per share of PKR 0.88 a year ago. For the period, the company reported sales were PKR 65,584,101,250 against sales of PKR 54,530,441,380 a year ago. Operating profit was PKR 6,835,098,410 against operating profit of PKR 9,136,943,840 a year ago. Profit before taxation was PKR 5,549,774,280 against profit before taxation of PKR 6,930,681,990 a year ago. Net profit for the period was PKR 4,821,065,770 against net profit for the period of PKR 5,496,633,790 a year ago. Basic and diluted per share of PKR 1.62 against basic and diluted per share of PKR 2.34 a year ago.

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