Karachi, Baba Farid Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on July 25, 2022.
The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2022 which portrayed a loss of Rs. 125,155,530 with loss per share 13.24 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Baba Farid Sugar Mills Limited is incorporated in Pakistan on 1978, as a Public Limited Company. The Company is engaged in the manufacturing and sales of sugar including its by-products that are Molasses and V-filter cake.
The shares of the Company are quoted on Pakistan Stock Exchange Limited with the symbol “BAFS”.
The number of shares the company has introduced are 9,450,000. The Earnings per shares in 2020 is (30.27) which was (72.24) in 2019. The Company had a loss of Rs. 286,079,000 in 2020 as compared to a loss of Rs. 682,625,000 in 2019.