Faran Sugar Mills Limited Reports Earnings Results for the First Quarter Ended December 31, 2017
Faran Sugar Mills Limited reported earnings results for the first quarter ended December 31, 2017. For the quarter, the company’s sales – net were PKR 1,583,789,314 compared to PKR 1,297,919,855 a year ago. Operating loss was PKR 437,719,813 compared to profit of PKR 87,296,611 a year ago. Loss before taxation was PKR 151,196,937 compared to profit of PKR 105,653,400 a year ago. Loss after taxation was PKR 147,836,985 or PKR 5.91 per basic and diluted share, compared to profit of PKR 89,922,544 or PKR 3.60 per basic and diluted share, a year ago.