Change of Chief Executive Officer of Mehran Sugar Mills Limited

Karachi, Mehran Sugar Mills Limited informed Pakistan Stock Exchange that Mr. Ahmed Ebrahim Hasham has been appointed as Chief Executive Officer of the company with effect from January 31, 2022 in place of Mr. Mohammad Ebrahim Hasham.

Mehran Sugar Mills Limited was incorporated in Pakistan as a public limited company in December 1965. The Company is principally engaged in the manufacturing and sale of sugar and its by-products.

Mehran Sugar Mills Limited is engaged in manufacturing and marketing of white refined cane sugar and brown sugar while utilizing its by-products such as Molasses and Baggasse to produce ethanol and power respectively.

The total numbers of shares are 48,927,572. The Earnings per share is 1.01 in 2020 which was 8.67 in 2019. The Profit after Taxation is 47,027,000 in 2020 which was 403,834,000 in 2019.