Jauharabad Sugar Mills Limited Reports Earnings Results for the Third Quarter Ended June 30, 2021
July 26, 2021
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Jauharabad Sugar Mills Limited announced earnings results for the third quarter ended June 30, 2021. For the third quarter, the company announced sales was PKR 1,431.640 million compared to PKR 189.148 million a year ago. Operating income was PKR 81.055 million compared to PKR 67.219 million a year ago. Net income was PKR 18.501 million compared to PKR 17.544 million a year ago. Basic earnings per share from continuing operations was PKR 0.54 compared to PKR 0.51 a year ago. For the nine months, sales was PKR 2,124.451 million compared to PKR 816.595 million a year ago. Operating income was PKR 217.692 million compared to PKR 152.801 million a year ago. Net income was PKR 36.839 million compared to PKR 12.156 million a year ago. Basic earnings per share from continuing operations was PKR 1.08 compared to PKR 0.36 a year ago.
Jauharabad Sugar Mills Limited is a Pakistan-based company. The principal activity of the Company is manufacturing and sale of sugar and its by-products. It manufactures and sells sugar produced from sugarcane, sugar beet, raw sugar, other vegetables and to deal in all its activities, such as growing sugarcane, sugar beet, setting up plants and equipment to produce ethanol from molasses, setting up steel re-melting units and to do all other matters related to its byproducts. Its products include sugar, molasses, bagasse and mud. Molasses is used in the production of sweetened products in chocolates, preparation of medicines and a major ingredient in ethanol production, used in fuel and others. Bagasse is a fibrous residue left over after the sugarcane is crushed. The fiber content of bagasse (cellulose) is used in cellulose industries like pulp, paper and particles. The Companyâs production plant is located at Industrial Area Jauharabad City, District Khushab in the province of Punjab.
JAUHARABAD SUGAR MILLS LIMITED 