Lahore, Tandlianwala Sugar Mills Limited maintained its authorized share capital at 1.2 billion rupees, consistent with the previous year, reflecting stability in the company's share structure. The interim financial statement released today highlighted that the company's issued, subscribed, and paid-up share capital remains unchanged at 1,177,063,000 rupees.
The financial report detailed a significant increase in unappropriated profits, which rose from 7.495 billion rupees to 8.617 billion rupees over the six months ending March 31, 2024. This change represents a key shift in the company's financial position, although the loan from sponsors remained steady at 3.635 billion rupees. According to information available from the Pakistan Stock Exchange (PSX), the company's total equity and liabilities surged from 30.807 billion rupees in September 2023 to 50.822 billion rupees as of March 2024.
Non-current assets also saw an increase, totaling 15.262 billion rupees, up from 14.972 billion rupees in the previous half-year. Meanwhile, the company's current liabilities witnessed a notable decrease, halving from 35.828 billion rupees to 17.009 billion rupees.
The company did not report any new long-term secured finances or lease liabilities. Deferred taxation liabilities stood at 1.201 billion rupees, a slight increase from the previous reporting period. The details provided by Tandlianwala Sugar Mills offer a glimpse into the operational and financial adjustments undertaken during the period.