Karachi: Al-Noor Sugar Mills Limited reported a notable improvement in its financial performance for the half-year ending March 31, 2026, despite a reduction in sales revenue compared to the previous year. The company declared a profit of Rs. 151.12 million for this period, reversing a loss of Rs. 25.69 million recorded during the same timeframe in 2025.

The financial results, released on May 20, 2026, following a board meeting, showed a decline in sales from Rs. 7.47 billion in the half-year ending March 31, 2025, to Rs. 6.59 billion in the same period of 2026. This decrease represents a very large or significant move of -11.84%. The company’s cost of sales also decreased from Rs. 6.32 billion to Rs. 5.28 billion, contributing to the improved profit margins.

According to information available from the Pakistan Stock Exchange (PSX), no cash dividends, bonus issues, or rights shares were recommended by the Board of Directors for this period. The administrative expenses decreased from Rs. 567.97 million to Rs. 509.03 million, while distribution costs dropped from Rs. 117.80 million to Rs. 78.55 million.

The company’s operating profit increased to Rs. 694.33 million for the half-year, compared to Rs. 449.26 million in the previous year. However, the finance cost showed a minor move, decreasing from Rs. 470.07 million to Rs. 383.86 million.

The profit before income tax rose to Rs. 389.64 million, compared to Rs. 194.35 million in the prior year. After accounting for income tax expenses, the net profit for the period was Rs. 151.12 million, translating to an earnings per share of Rs. 7.38, compared to a loss per share of Rs. 1.25 in the previous year.

Al-Noor Sugar Mills Limited operates in the designated market category of sugar manufacturing and its related industries. The company assured stakeholders that the quarterly report for the period would be transmitted through the PUCARS system within the specified time frame.