Sindh Abadgar's Sugar Mills Limited Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2016
Sindh Abadgar's Sugar Mills Limited reported earnings results for the second quarter and six months ended March 31, 2016. For the six-month period, the company reported net sales were PKR 954,152,635 against PKR 729,369,893 a year ago. Operating loss was PKR 37,571,022 against operating profit of PKR 29,731,661 a year ago. Loss before taxation was PKR 46,709,152 against profit before tax of PKR 20,697,043 a year ago. Loss after taxation was PKR 57,939,847 or PKR 5.56 basic and diluted per share against profit of PKR 12,369,212 or PKR 1.19 basic and diluted per share a year ago.
For the quarter, the company reported net sales were PKR 284,181,906 against PKR 420,274,976 a year ago. Operating loss was PKR 29,768,012 against operating profit of PKR 49,280,588 a year ago. Loss before taxation was PKR 33,997,489 against profit before tax of PKR 51,609,388 a year ago. Loss after taxation was PKR 45,228,184 or PKR 4.34 basic and diluted per share against profit of PKR 43,281,557 or PKR 4.15 basic and diluted per share a year ago.