Karachi: Abdullah Shah Ghazi Sugar Mills Ltd has reported the resumption of its operations after a one-year hiatus, marking a significant milestone for the company. The Directors' Report for the period ending June 30, 2025, highlights the challenges faced and the initial progress made during this phase. The mill's operations, which began on January 6 and concluded on January 28, spanned 23 crushing days, during which 8,358 metric tons of cane were processed, resulting in the production of 1,023.90 metric tons of sugar. The average sugar recovery was recorded at 6.65%.
The company's financial and operational performance for the half-year was below expectations, primarily due to the high costs associated with restarting operations. Abdullah Shah Ghazi Sugar Mills Ltd reported a loss before taxation of 288.74 million rupees. After accounting for taxation amounting to 112.84 million rupees, the loss after taxation stood at 175.90 million rupees.
According to information available from the Pakistan Stock Exchange (PSX), the resumption of operations is seen as a positive step towards normalizing the company's activities, although the financial strain remains evident. The report indicates that the company's management is focused on improving operational efficiency and optimizing cost structures to enhance financial stability. The management remains optimistic about achieving better results in the upcoming periods.
Despite the current financial challenges, the management is committed to strategic planning and focused execution to drive gradual improvement. The report expresses gratitude to shareholders, employees, and stakeholders for their continued support during this transitional phase. Abdullah Shah Ghazi Sugar Mills Ltd falls under the designated market category of the Pakistan Stock Exchange (PSX).