Karachi, Shahmurad Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on January 24, 2023.
The agenda of the meeting was discussion of profit and loss account for quarter ended September 30, 2022 which portrayed a profit of Rs. 841,801 with earnings per share 39.86 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Shahmurad Sugar Limited was incorporated in Pakistan as a public limited company on April 9, 1979. The Company owns and operates Sugar and Ethanol manufacturing units located a District Sajawal in the province of Sindh. The registered office of the Company is located at 96-A, Sindhi Muslim Co-operative Housing Society, Karachi, and Sindh.
The total number of share is 21,118,800. The Earnings per share is 36.00 in 2020 which 57.08 in 2019. The Profit after tax of the Company is 760,315,000 in 2020 which was 1,205,546,000 in 2019.