Noon Sugar Mills Ltd. Announces Earnings Results for the Year Ended September 30, 2016
Noon Sugar Mills Ltd. announced earnings results for the year ended September 30, 2016. For the year, the company reported net sales of PKR 2,588,546,000 compared to PKR 3,027,256,000 a year ago. Profit from operations was PKR 138,357,000 compared to PKR 50,398,000 a year ago. Profit before taxation was PKR 51,781,000 compared to loss before taxation of PKR 87,593,000 a year ago. Profit after taxation was PKR 40,121,000 compared to loss after taxation of PKR 115,580,000 a year ago. Basic and diluted earnings per share was PKR 2.43 compared to basic and diluted loss per share of PKR 7.00 a year ago.