Karachi, In a recent meeting held on July 24, 2023, at Lahore, the Board of Directors of Jauharabad Sugar Mills Limited has approved the financial results for the nine months ended June 30, 2023. The company reported a steady performance during the period.

The key financial highlights for the nine months ended June 30, 2023, compared to the same period in the previous year are as follows:

Net Sales: Rs. 4,873,200 thousand (2023) vs. Rs. 3,151,409 thousand (2022)

Cost of Sales: Rs. 4,080,769 thousand (2023) vs. Rs. 2,667,154 thousand (2022)

Gross Profit: Rs. 792,431 thousand (2023) vs. Rs. 484,255 thousand (2022)

Operating Expenses: Rs. 181,252 thousand (2023) vs. Rs. 31,794 thousand (2022)

Operating Profits: Rs. 611,179 thousand (2023) vs. Rs. 329,312 thousand (2022)

Finance Cost: Rs. 472,137 thousand (2023) vs. Rs. 233,823 thousand (2022)

Profit before Taxation: Rs. 137,578 thousand (2023) vs. Rs. 95,071 thousand (2022)

Profit after Taxation: Rs. 83,294 thousand (2023) vs. Rs. 58,108 thousand (2022)

Earnings per Share (Basic & Diluted): Rs. 2.44 (2023) vs. Rs. 1.70 (2022)

Notably, the Board of Directors has approved no cash dividend, bonus shares, right shares, or any other entitlement/corporate action. Additionally, there is no other price-sensitive information to be disclosed.

Jauharabad Sugar Mills Limited showcased a positive growth trend, indicating a promising outlook for the company's financial performance.