Corporate Result: SML Net Sales increased by 42.5% to Rs. 2.12 Bn

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Shakarganj Mills Limited (PSX: SML) announced the result of 1st Quarter for the period ended December 31, 2019. The company sales were increased by 42.5% to Rs. 2.12 Bn during the period however, it was Rs. 1.48 Bn as compared to the corresponding period of last year.

The company announced the earning of Rs. 1.36 along with the Profit After Tax of Rs. 170.43 Mn. However, the company has announced loss of Rs. 0.55 in the corresponding period of last year.

SML earnings has considerably improved due to the high sales of Rs. 2.12 Bn and growth of Other income worth Rs. 686.36 Mn.

EPS 2019 = 1.36 PKR
LPS 2018 = (0.55) PKR

Cash Dividend = NIL
Bonus Share = NIL