Financial results of Sakrand Sugar Mills Limited for Quarter ended March 31, 2022

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 November 18, 2022.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2022 which portrayed a loss of Rs. 43,126 with loss per share 0.97 basic and diluted respectively.

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

“Sakrand Sugar Mills Limited was incorporated in Pakistan as a Public Limited Company on March 02, 1989. The principal business of the company is to manufacture and sell white sugar.

The company is listed on Pakistan Stock Exchange and the total numbers of shares of the Company are 44,616,000. The Earnings per shares of the Company was (13.43) in 2020 which was 3.51 in 2019. Their Profit after Tax was (599,246,000) in 2020 which was 156,649,000 in 2019.”