Dewan Sugar Mills : Financial Results for the Quarter Ended December 31,2022
January 29, 2023 at 11:24 pm EST
Share
January 27, 2023
FORM-3
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building, Stock Exchange Road
Karachi, Pakistan.
Subject: Financial Results for the First Quarter ended December 31, 2022
Dear Sirs,
We have to inform you that the Board of Directors of our Company in their meeting held on January 27, 2023 at 04:00 pm at Karachi, Pakistan, recommended the following:
(i) CASH DIVIDEND
Nil
AND/OR
(ii) BONUS SHARES
Nil
AND/OR
(iii) RIGHT SHARES
Nil
AND/OR
(iv) ANY OTHER ENTITLEMENT/CORPORATE ACTION
Nil
AND/OR
(v) ANY OTHER PRICE-SENSITIVE INFORMATION
Nil
The un-audited financial results of the Company for the First Quarter ended December 31, 2022, are as follows:
Dec-22
Dec-21
(Rupees in '000')
Sales - net
#
1,603,584
1,174,470
Cost of Sales
#
(1,585,658)
(1,408,637)
Gross Loss
17,926
(234,167)
Administrative and General Expenses
#
(25,098)
(19,801)
Distribution and Selling Costs
#
(33,645)
(27,975)
Other Operating (Loss)/Income
(73,158)
130
Loss from Operations
(113,974)
(281,813)
Finance Cost
(11,649)
(10,582)
Loss before Tax
(125,623)
(292,395)
Taxation
10,937
17,396
Loss after Tax
(114,686)
(274,999)
Loss per Share - Basic
(1.25)
(3.01)
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Dewan Sugar Mills Ltd. published this content on 30 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 January 2023 04:23:09 UTC.
Dewan Sugar Mills Limited is a Pakistan-based company, which is engaged in production and sale of white crystalline refined sugar, processing and trading of by-products, and other related activities and allied products. The Company operates through four segments: Sugar segment, Polypropylene segment, Board and Panel segment, and Distillery segment. The Company operates through three units namely sugar unit, distillery unit, board, and penal unit. The Company's all four manufacturing facilities units are located at Jillaniabad, Budho Talpur, Mirpur Bathoro, Thatta, Sindh, Pakistan.