Lahore: Haseeb Waqas Sugar Mills Limited has released its financial results for the half-year period ending March 31, 2026, revealing ongoing financial challenges. The company reported a gross loss of Rs. 131,841,774, a slight improvement compared to the previous year’s loss of Rs. 141,418,666. This represents a minor move in the company’s financial trajectory.
The net loss before tax stood at Rs. 140,267,036, compared to Rs. 147,829,222 recorded in the same period last year. Additionally, the net loss after tax was Rs. 113,636,582, marginally higher than the Rs. 112,872,514 loss from the previous year. The basic earnings per share were noted as (03.51), reflecting a small deviation from last year’s (03.48).
A notable aspect of the company’s operations is the continued absence of production activity, which has been a consistent trend over the past few years. This lack of production has evidently impacted the company’s ability to generate sales revenue, as indicated by the absence of net sales figures in the financial results.
According to information available from the Pakistan Stock Exchange (PSX), Haseeb Waqas Sugar Mills Limited remains listed under the designated market category, despite its ongoing financial difficulties and production halt. The company’s board of directors presented these findings in their Half Yearly condensed financial statements, duly reviewed by statutory auditors, as part of their commitment to transparency and accountability.