Karachi, AL-Noor Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on July 28, 2021.
The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2021 which portrayed a profitss of Rs. 74,722 with earnings per share 3.65 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Al-Noor Sugar Mills Limited was incorporated in Pakistan on August 08, 1969 as a public limited company under the Companies Act, 1913 now referred to as the Companies Ordinance, 1984. The principal activity of the company is manufacturing sugar, medium density fiber board and power generation. The registered office of the company is located in Karachi. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The manufacturing facilities are located at Shahpur Jahania, District Nawabshah in the province of Sindh.
Al-Noor Sugar Mills Limited is a subsidiary of the Al-Noor Group. The Al-Noor group is engaged in the business of manufacturing white refined sugar, MDF board under the Lasani brand and trading and insurance business. The associated undertakings of the group include Shahmurad Sugar Mills Limited, Shahmurad Distillery Unit, First Al-Noor Modaraba and Reliance Insurance Company Limited.
The symbol “ALNRS” is being used by the stock exchanges for the shares of Al-Noor Sugar Mills Limited.