Chashma Sugar Mills Ltd. Reports Earnings Results for the First Quarter Ended December 31, 2016
Chashma Sugar Mills Ltd. reported earnings results for the first quarter ended December 31, 2016. For the quarter, the company reported sales – net of PKR 1,863,080,000 compared to PKR 1,600,608,000 a year ago. Profit from operations was PKR 72,840,000 compared to PKR 197,815,000 a year ago. Loss before taxation was PKR 20,111,000 compared to profit of PKR 71,554,000 a year ago. Loss after taxation was PKR 17,828,000 compared to profit of PKR 75,111,000 a year ago. Loss per basic and diluted share was PKR 0.62 compared to earnings per basic and diluted share of PKR 2.62 a year ago.