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.