Premier Sugar Mills & Distillery announced earnings results for the first quarter ended December 31, 2011. For the period, the company reported net sales of PKR 586,233,000 against PKR 334,782,000 for the same period a year ago. Operating loss was PKR 57,895,000 against PKR 28,665,000 for the same period a year ago. Loss before taxation was PKR 65,204,000 against profit before taxation of PKR 4,349,000 for the same period a year ago. Loss after taxation was PKR 39,583,000 or PKR 10.56 per share against PKR 5,762,000 or PKR 1.54 per share for the same period a year ago.