Pakistan Company News – Financial results of Sakrand Sugar Mills Limited for Quarter ended March 31, 2018

Financial results of Sakrand Sugar Mills Limited for Quarter ended March 31, 2018

Karachi, Sakrand Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on July 10, 2018.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2018 which portrayed a profit/ loss of Rs. 123,789 with earnings per share 2.77 basic and diluted respectively.

Further, 20% payment of cash dividend bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from August 09, 2018 to August 17, 2018 (both days inclusive).

Sakrand Sugar Mills Limited is a company incorporated in Pakistan as a Public Limited Company on March 2, 1989. The foundations of the company are laid under the Companies Ordinance, 1984. The principal business activity of the company includes manufacture and sale of sugar. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The mill is located at Deh Tharo Unar, District Shaheed Benazir Abad, Sindh, Pakistan. The sugar plant has a crushing capacity of 6,500 metric tons of sugarcane per day. The registered office of the company is located in Karachi.

The symbol “SKRS” is being used by the stock exchanges for the shares of Sakrand Sugar Mills Limited.