Karachi: Al-Abbas Sugar Mills Limited released its unaudited financial results for the half-year ending March 31, 2026. The Board of Directors convened on May 18, 2026, at the company’s headquarters in Karachi to review and approve the financial statements, which were subsequently disseminated to stakeholders.
The company declared an interim cash dividend of Rs. 7.50 per share, equating to a 75% payout. There were no bonus or right shares announced. The company’s earnings were impacted by a notable lawsuit filed by a non-executive director, as highlighted by the auditor’s emphasis on the related uncertainties.
According to information available from the Pakistan Stock Exchange (PSX), the half-year turnover was recorded at Rs. 4.55 billion, compared to Rs. 6.91 billion in the same period last year. This represents a very large or significant move. The cost of sales decreased to Rs. 3.41 billion from the previous year’s Rs. 5.70 billion. Consequently, the gross profit for the half-year stood at Rs. 1.15 billion, slightly down from Rs. 1.21 billion in the prior year.
For the quarter ending March 31, 2026, turnover decreased to Rs. 1.84 billion from Rs. 2.13 billion in the previous year’s corresponding period. Operating profit for the half-year decreased to Rs. 451.87 million from Rs. 694.56 million, while profit before taxation was Rs. 490.78 million compared to Rs. 834.82 million, indicating a very large or significant move. After accounting for taxation, profit after tax was Rs. 371.50 million, down from Rs. 601.18 million, also a very large or significant move.
The company’s total equity and liabilities amounted to Rs. 13.79 billion as of March 31, 2026, a decrease from Rs. 13.90 billion recorded on September 30, 2025. Current assets were valued at Rs. 11.80 billion.
The Share Transfer Books are scheduled to close from June 2 to June 4, 2026. Transfers processed by June 1, 2026, at the Share Registrar Department in Karachi will be considered timely for entitlement purposes.
The company is set to release its quarterly report via PUCARS, adhering to designated market category protocols.