Karachi, Premier Sugar Mills and Distillery Company Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Mardan on February 02, 2022.
The agenda of the meeting was discussion of profit and loss account for Year ended September 30, 2021 which portrayed a loss of Rs. 202,250 with loss per share 53.93 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from February 15, 2022 to February 25, 2022 (both days inclusive).
The Premier Sugar Mills & Distillery Company Limited was incorporated on July 24, 1944 as a Public Company. The Company is principally engaged in manufacture and sale of white sugar and spirit. The Group is involved in the production of white crystalline sugar from sugarcane crushing and beet slicing, ethanol from distilleries, high grade polypropylene products with worldwide exports, the handling of bulk liquid products at Karachi terminal, distribution of consumer products, information technology company, interests in real-estate and multinational companies representation.
The total number of shares are 3,750,000. The Earnings per share is (13.00) in 2020 which was 0.05 in 2019. The Profit After Taxation in 2020 is (48,749,000) which was 184,000 in 2019.