Financial results of Mirpurkhas Sugar Mills Limited for Quarter ended December 31, 2017

Financial Results

Karachi, Mirpurkhas Sugar Mills Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on January 29, 2018.

The agenda of the meeting was discussion of consolidated and unconsolidatedprofit and loss account for quarter ended December 31, 2017 which portrayed a loss of Rs. 44,711 and Rs. 44,509 with loss per share 3.64 and 3.63 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Mirpurkhas Sugar Mills Limited is a Public Limited Company, was established in 1964, its principal activity is manufacturing and selling of sugar. It is located about 300 km from the port city of Karachi, in Mirpurkhas and is listed on the Pakistan Stock Exchange Limited. The Company has a crushing capacity of 7,500 tons per day and is one of the most efficient sugar mills in Pakistan. Moreover, it is involved in development of higher yield sugarcane varieties on its 1,300 acre experimental farms.

The symbol “MIRKS” is being used by the stock exchanges for the shares of Mirpurkhas Sugar Mills Limited.