In a notification to the Pakistan Stock Exchange, Shahmurad Sugar Mills (PSX:SHMSL) released its financial results for the period ended June 30, 2020 approved by the board of directors.
The company reported a profit of Rs.605 Mn with the earnings per share amounting to Rs.28.65 for the period ended June 30, 2020. In a yearly comparison, profits for nine months ended June 30, 2019 was 48.2% higher than the present years profits.
The financial results show that the sales increased by 10% to the value of Rs.8.3 Bn as compared to the financial results of 2019. The distribution costs have decreased by 88% and admin expenses remained same while the other operating charges decreased by 39% to the value of Rs.50.3 Mn.
The financial results show that the three months ended June 30, 2020 have suffered due to global pandemic. The said period reports a profit of Rs.356 Mn with earnings per share amounting to Rs.16.88 whereas last year, the same period earned a profit Rs.617 Mn which indicates a decline of 42.2%.
EPS 2020 = 28.65 PKR
EPS 2019 = 55.33 PKR
Nine Months Ended
EPS 2020 = 16.88 PKR
EPS 2019 = 29.23 PKR
Cash Dividend = NIL
Bonus Share = NIL