Baba Farid Sugar Mills Ltd. reported unaudited earnings results for the first quarter ended December 31, 2015. For the quarter, the company reported sales-net of PKR 21,519,906 compared to PKR 237,670,467 a year ago. Operating profit was PKR 743,538 compared to PKR 278,305 a year ago.

Loss before taxation was PKR 23,499,753 compared to PKR 47,671,262 a year ago. Loss after taxation was PKR 15,793,514 or PKR 1.67 per basic and diluted share compared to PKR 53,879,320 or PKR 5.70 per basic and diluted share a year ago.