The profit after tax of International Industries Limited (IIL) has increased to Rs 422.659 million in the half year period ended December 31, 2009, as compared to Rs 214.802 million earned in the corresponding period in 2008. The company's earning per share has increased to Rs 4.23 in the period under review against Rs 2.15 in the same period a year back.

The board of directors of the company in its meeting held on Thursday declared an interim cash dividend for the half year at Rs 1.50 per share ie 15 percent. According to the financial results, the company's net sales declined to Rs 5.660 billion in this period against Rs 6.684 billion in the same period previously. The cost of sales declined to Rs 4.664 billion against Rs 6.040 billion. The company's profit before tax increased to Rs 550.361 million in the six months period in 2009 against Rs 292.463 million in the same period in 2008.

Copyright Business Recorder, 2010