May 31, 2022

FORM-3

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building, Stock Exchange Road

Karachi, Pakistan.

Subject: Financial Results for the Half Yearly, un-audited,condensed interim Financial

Statements of the Company for the period ended March 31, 2022

Dear Sir,

We have to inform you that the Board of Directors of our company in their meeting held on Monday, May 30, 2022 at 04:30 p.m. and subsequently on Tuesday May 31, 2022 at 2:00 p.m. at Karachi, 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 Half Yearly, un-audited, condensed interim Financial Statements of the Company for the period ended March 31, 2022, are as follows:

Half Year Ended

Quarter Ended

Mar.31, 2022

Mar.31, 2021

Mar.31, 2022

Mar.31, 2021

(Rupees in '000')

Sales

5,676,628

3,987,353

4,502,158

2,812,986

Cost of Sales

(5,971,838)

(4,381,885)

(4,563,201)

(2,981,741)

Gross (Loss)

(295,210)

(394,532)

(61,043)

(168,755)

Administrative and General Expenses

(35,525)

(43,038)

(15,724)

(21,731)

Distribution and Selling Costs

(73,439)

(52,740)

(45,465)

(35,599)

Other Operating Income

296

453

165

182

(Loss) from Operations

(403,879)

(489,857)

(122,066)

(225,903)

Finance Cost

(21,372)

(19,407)

(10,790)

(9,743)

(Loss) before Income Tax

(425,251)

(509,264)

(132,856)

(235,646)

Taxation

(6,385)

(14,971)

(23,781)

(18,488)

(Loss) for the period (after Income Tax)

(431,636)

(524,235)

(156,637)

(254,135)

(Loss) per Share - Basic

(4.72)

(5.73)

(1.71)

(2.78)

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Dewan Sugar Mills Ltd. published this content on 31 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2022 10:09:02 UTC.