Sindh Abadgar's Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on January 28, 2020.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2019 which portrayed a loss of Rs. 77,998,283 with loss per share 7.48 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

The announcement is available at:

https://dps.psx.com.pk/download/document/141952.pdf

Sindh Abadgar's Sugar Mills Limited is a company incorporated in Pakistan. The provisions and directives of the Companies Ordinance, 1984 prevail within the organization. The company is engaged in the business of manufacturing sugar. The registered office of the company is located in Karachi. The operations of the company are ISO certified. The factory of the company is located in Tando Mohammad Khan, Sindh.

The symbol "SASML" is being used by the stock exchange for the shares of Sindh Abadgar's Sugar Mills Limited.

© Pakistan Press International, source Asianet-Pakistan