Karachi, Mehran Sugar Mills Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on January 30, 2018.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2017 which portrayed a loss of Rs. 76,107,117 with loss per share 2.38 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Mehran Sugar is Pakistan’s leading producer and marketer of both white and brown sugar. The company also has investments in an ethanol facility as well as in blue chip companies listed on the Karachi Stock Exchange. Mehran was founded in 1965 as a Public Limited company and is quoted on the Karachi Stock Exchange. The company has thrice been awarded the prestigious top 25 KSE company award. The basic purpose of our Enterprise is to perpetuate as a Public Limited Company engaged in manufacturing and marketing white refined cane sugar, food products, sugar byproducts and other products wherein management or sponsors have expertise. In addition, we preserve to assume a leadership position in related industry regarding quality of the product, cost effectiveness, turnover and technology.
The symbol “MRNS” is being used by the stock exchanges for the shares of Mehran Sugar Mills Limited.