Karachi, Mehran Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on December 29, 2022.
The agenda of the meeting was discussion of Unconsolidated and consolidated profit and loss account for Year ended September 30, 2022 which portrayed a profit of Rs. 289,361,485 and Rs. 289,156,887 with earnings per share 5.34 and 5.33 basic and diluted respectively.
Further, 7.5% payment of cash dividend, 12.5% bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from January 21, 2023 to January 27, 2023 (both days inclusive).
Mehran Sugar Mills Limited was incorporated in Pakistan as a public limited company in December 1965. The Company is principally engaged in the manufacturing and sale of sugar and its by-products.
Mehran Sugar Mills Limited is engaged in manufacturing and marketing of white refined cane sugar and brown sugar while utilizing its by-products such as Molasses and Baggasse to produce ethanol and power respectively.
The total numbers of shares are 48,927,572. The Earnings per share is 1.01 in 2020 which was 8.67 in 2019. The Profit after Taxation is 47,027,000 in 2020 which was 403,834,000 in 2019.