Amreli Steels

Declares loss of Rs2.28/share, in contrast to profit of Rs4.46/share in FY22

Production capacity will almost double to 1.1 million tons

Rise comes mainly due to higher prices and volumes

Increase comes in the wake of 12% rise in gross profit as well as tax credit

A defining attribute of great individuals as well as its product

Earnings per share increases to Rs1.1 in the Oct-Dec 2017 quarter

EPS amounts to Rs0.76, share price goes down 4.39%

Non-interest income clocked up at Rs2.2 billion, 22.5% higher

Company issuing 74.2m shares, 55.5m handed out; public portion remains

Promising outlook of construction sector motivates move