Karachi, Habib Sugar Mills Limited, in a meeting held on July 24, 2023, at Karachi, approved the unaudited condensed interim financial results (both unconsolidated and consolidated) for the quarter and cumulative three quarters ended June 30, 2023.

Financial Highlights:

Unconsolidated Condensed Interim Financial Results (for the quarter and cumulative three quarters ended June 30, 2023):

Quarter ended June 30, 2023: Loss of Rs. 277,000

Cumulative three quarters ended June 30, 2023: Loss of Rs. 207,000

Consolidated Condensed Interim Financial Results (for the quarter and cumulative three quarters ended June 30, 2023):

Quarter ended June 30, 2023:

Net sales and services: Rs. 12,937,886 thousand

Operating profit: Rs. 1,990,389 thousand

Profit after taxation: Rs. 1,368,820 thousand

Earnings per share (EPS) - Basic and diluted: Rs. 9.13

The Board recommended nil cash dividend, bonus shares, right shares, and any other entitlement/corporate action, along with nil price-sensitive information.

The complete unaudited condensed interim financial results for both unconsolidated and consolidated entities are available in Annexures A & B, respectively.

The Company's report for the quarter and cumulative three quarters ended June 30, 2023, will be transmitted through PUCARS separately within the specified time.