Karachi, Sakrand Sugar Mills Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February07, 2018.
The agenda of the meeting was discussion of profit and loss account for year ended September 30, 2017 which portrayed a profit of Rs. 197,260 with earnings per share 7.58 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from February 21, 2018 to February 27, 2018 (both days inclusive).
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.