Financial results of Sindh Abadgar’s Sugar Mills Limited for Quarter ended June 30, 2021

Karachi, Sindh Abadgar’s Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on July 27, 2021.

The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2021 which portrayed a loss of Rs. 54,209,658 with loss per share 5.20 basic and diluted respectively.

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

Sindh Abadgar’s Sugar Mill Limited was incorporated in Pakistan on January 28, 1984 as a public limited company. The Company is principally engaged in the manufacturing and sale of sugar. During the year ended September 1997, SASML acquired ISO-9001-2015 Certification.

The total numbers of shares are 10,425,000. The Earnings per share is (15.87) in 2020 which was 4.76 in 2019. The Profit After Taxation in 2020 is (165,396,000) in 2020 which was 49,654,000 in 2019.