Tag: Amreli Steels Limited
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Pakistan: Amreli Steel reports widen losses in H1 FY24
Amreli Steels, Pakistan, reported widened losses of PKR 634.341 million ($ 2.26 million) in H1 FY’24, compared to PKR 184.744 million the previous year. Net sales declined by 3.4% y-o-y to PKR 22.25 billion ($ 79 million). Finance costs rose by 15.5% y-o-y due to higher interest rates. The company maintains annual production capacities of…