Pakistan: Mughal Steel registers increased profits in Q1 CY’21

Pakistan’s leading mill – Mughal Iron and Steel Industries Ltd has declared its financial result for the quarter ended- Q1 CY’21. The company has achieved an increase in its gross profit at PKR 2,195,856,229 in Q1 CY’21 against PKR 635, 286,011 in CPLY. The Board has approved a capital expenditure budget amounting to PKR 620 mn mainly on account of civil works relating to warehouses and sales centers and budget for up-gradation of girder mill, as per the company release


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