Financial results of Haseeb Waqas Sugar Mills Limited for Year ended September 30, 2017

Financial Results

Karachi, Haseeb Waqas Sugar Mills Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on January 09, 2018.

The agenda of the meeting was discussion of profit and loss account for year ended September 30, 2017 which portrayed a loss of Rs. 572,707,893 with loss per share 17.68 basic and diluted respectively.

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

Furthermore, the share transfer books of the company will remain closed from January 25, 2018 to January 31, 2018 (both days inclusive).

Haseeb Waqas Sugar Mills Limited was incorporated on January 13, 1992 as a Public Limited Company. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the Company is manufacture and sale of refined sugar and its by-products. The mill of the company is situated at Merajabad, Nankana Sahib, District Nankana Sahib. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Lahore.

The symbol “HWQS” is being used by the stock exchange for the shares of Haseeb Waqas Sugar Mills Limited.