Sindh Abadgar's Sugar Mills Limited announced unaudited earnings and production results for the first quarter ended December 31, 2018. The company reported net turnover recorded at nil compared to PKR 902.885 million of corresponding period of last year amid no off take of sugar from Mills during the period under review. The company suffered after tax loss PKR 103.787 million mainly due to unabsorbed, depreciation, administrative and financial expenses compared to PKR 236.925 million of the first quarter of last year with loss per share of PKR 9.96 compared to PKR 22.73 of corresponding quarter. Operating loss was PKR 101,064,592 against PKR 203,946,858 a year ago.

For the quarter, the company reported sugar produced of 6,865 tons against 5,824 tons a year ago.