Adam Sugar Mills Limited reported earnings results for the third quarter and nine months ended June 30, 2022. For the third quarter, the company reported sales was PKR 351.72 million compared to PKR 1,949.13 million a year ago. Net loss was PKR 78.1 million compared to net income of PKR 260.99 million a year ago. Basic loss per share from continuing operations was PKR 4.52 compared to basic earnings per share from continuing operations of PKR 15.09 a year ago.
For the nine months, sales was PKR 2,922.91 million compared to PKR 3,143.27 million a year ago. Net income was PKR 27.68 million compared to PKR 269.62 million a year ago. Basic earnings per share from continuing operations was PKR 1.6 compared to PKR 15.59 a year ago.