Financial results of Tandlianwala Sugar Mills Limited for Quarter ended December 31, 2021

Karachi, Tandlianwala Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on September 01, 2022.

The agenda of the meeting was discussion of d profit and loss account for quarter ended December 31, 2021 which portrayed a profit of Rs. 208,346,987 with earnings per share 1.77 basic and diluted respectively.

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

The Company was incorporated in Pakistan on November 01, 1988 as a public limited company. The principal activity of the Company is production and sale of white crystalline sugar and ethanol.

TSML produces sugar, ethanol and carbon dioxide and produced its first refined sugar in 1992 and have expanded frequently since then. The Sugar operation of the company is began with their mill at Kanjwani, in Punjab’s Faisalabad District. TSML is also Pakistan’s ethanol producer, manufacturing both ENA and REN grades.

The total numbers of shares are 117,706,300. The Earnings per share is (2.39) in 2020 which was 12.30 in 2019. The Profit after Taxation is (281,725,000) which were 1,448,317,000 in 2019.