Karachi, the Board of Directors of the Tandlianwala Sugar Mills Limited has disclosed impressive financial results for the nine-month period ended on June 30, 2023. Despite the challenging economic landscape, the company managed to achieve a substantial 50% growth in its profit after taxation, compared to the same period last year.

Net Sales saw a remarkable increase of 33% to reach Rs. 35,288,243,665 compared to Rs. 26,591,223,620 in the previous year.

Gross Profit surged by 37%, reaching Rs. 4,444,574,401, up from Rs. 3,254,419,352 during the same period last year.

Profit from operations exhibited a remarkable growth of 55%, totaling Rs. 3,683,071,027 as opposed to Rs. 2,368,078,205 in the previous year.

Despite an increase in finance cost, which rose to Rs. 1,915,962,191 from Rs. 1,154,615,348, the company managed to sustain strong profitability.

No Cash Dividend, Bonus Issue, or Right Shares at par or at premium have been recommended by the Board of Directors for the shareholders.

The company's earnings per share (EPS) also saw significant improvement during the nine-month period, with basic and diluted EPS rising to Rs. 10.65 compared to Rs. 6.62 in the previous year.