Karachi, Sanghar Sugar Mills Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on January 28, 2023 at Karachi. The agenda of the meeting shall be consideration of quarterly accounts for the period ended December 31, 2022.
Further, the closed period of the company shall be from January 20, 2023 to January 28, 2023 (both days inclusive).
“The Company is a public limited Company incorporated in 1986 in Pakistan. The Company is principally engaged in the manufacture and sale of sugar and sale of its by-products i.e. molasses and bagasse. The Company has also installed bagasse based power generation and transmission equipment to sell surplus electric power. The Company went into commercial production in January 1988. Initially Mills having a capacity of 2,000 T.C.D. was installed. Subsequently the capacity has been increased to 6,000 T.C.D. and now currently stands at 8,500 T.C.D.
The total number of shares the company has introduced so far are 11,946,000. The Earnings per share is 9.94 in 2020 which was 8.28 in 2019. The Company had a loss of Rs. 118,755,000 in 2020 which was 98,855,000 in 2019.”