Financial results of Shahtaj Sugar Mills Limited for Year ended September 30, 2022

Karachi, Shahtaj Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on December 30, 2022.

The agenda of the meeting was discussion of profit and loss account for Year ended September 30, 2022 which portrayed a profit of Rs. 1,077 with earnings per share 0.09 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 January 21, 2023 to January 28, 2023 (both days inclusive).

Shahtaj Sugar Mills Limited was incorporated in Pakistan on 27 March 1965 as a Public Limited Company. It is engaged in the manufacture and sale of sugar whereas molasses and bagasse are its significant by-products.

The total number of shares the company has introduced are 12,011,200. The Earnings per share is (4.87) in 2020 which was 2.777 in 2019. The Profit After Taxation is (58,451,000) in 2020 which was 33,243,000 in 2019.