Financial results of Sakrand Sugar Mills Limited for Quarter ended March 31, 2019

Karachi, Sakrand Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on May 30, 2019.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2019 which portrayed a profit of Rs. 179,933 with earnings per share 4.03 basic and diluted respectively.

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

Sakrand Sugar Mills Limited is a company incorporated in Pakistan as a Public Limited Company on March 2, 1989. The foundations of the company are laid under the Companies Ordinance, 1984. The principal business activity of the company includes manufacture and sale of sugar. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The mill is located at Deh Tharo Unar, District Shaheed Benazir Abad, Sindh, Pakistan. The sugar plant has a crushing capacity of 6,500 metric tons of sugarcane per day. The registered office of the company is located in Karachi.

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