Karachi, Dewan Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on January 28, 2022.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2021 which portrayed a loss of Rs. 274,395 with earnings per share 3.01 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Dewan Sugar Mills Limited (the Company) was incorporated in Pakistan, as a public Limited company on June 27, 1982. The Principal activity of the Company is production and sale of white crystalline refined sugar, processing and trading of by-products, and other related activities and allied products. The Company also have the delivery and Packaging options that are Bulk Vessel, ISO Tank and FCLs. The production of the company is recorded as 125,000 litres per day and 33,000 metric ton annually.
The total number of shares of the company are 91,511,992. The Company’s Earnings per shares is (9.69) in 2020 which was (5.98) in 2019. The Company had a loss of 886,326,000 in 2020 which was 546,914,000 in 2019.