Karachi: Sakrand Sugar Mills Limited has announced its unaudited financial results for the nine-month period ending June 30, 2026. According to a statement released on July 30, the Board of Directors approved the results during a meeting held at the company's corporate office in Karachi on July 29, 2026. The financial report revealed no cash dividends, bonus shares, or right shares for the period, maintaining a consistent approach in shareholder entitlements.
For the nine-month period, the company reported net sales totaling 2.43 million, with a cost of sales amounting to 1.99 million. This resulted in a gross profit of 435,256. Operating expenses, including administrative and selling costs, were recorded at 123,582. The company's operating profit stood at 311,676, with finance costs reflecting a minor move at 3,060.
According to information available from the Pakistan Stock Exchange (PSX), the company's other income was 76,621, while other charges amounted to 44,682. This contributed to a profit before taxation and levy of 346,675. After accounting for a levy of 58,941, the profit before taxation was 287,734. The company reported a profit after taxation of 287,734, resulting in basic and diluted earnings per share of 6.45.
The financial results indicate a steady performance for Sakrand Sugar Mills Limited over the nine-month period, yet the decision to forgo shareholder entitlements suggests a cautious approach in navigating market conditions. The company is expected to transmit its quarterly report for the period ending June 30, 2026, through PUCARS within the specified time.