Financial results of Faran Sugar Mills Limited for Quarter ended March 31, 2022

Karachi, Faran Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on May 30, 2022.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2022 which portrayed a profit of Rs. 108,480,246 with earnings per share 4.34 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Faran Sugar Mills Limited was incorporated in Pakistan on November 03, 1981 as a public limited company. The principal business of the Company is the production and sale of white sugar. The total number of shares of the Company are 25,007,151. The Earnings per share is (6.85) in 2020 which was 15.21 in 2019. The Profit after Taxation of the Company is Rs. (171,317,000) in 2020 which was 380,445,000 in 2019.