Sindh Abadgar’s Sugar Mills Ltd. is Pakistan’s leading producer and marketer of both white and brown sugar. The company also has investments in an ethanol facility as well as in blue chip companies listed on the Pakistan Stock Exchange. SASM was founded in 1965 as a public Limited company and is quoted on the Pakistan Stock Exchange. The company has twice been awarded the prestigious top 25 KSE company award.
SIX YEARS AT A GLANCE |
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| 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | ||
| (Rupees) | (Rupees) | (Rupees) | (Rupees) | (Rupees) | (Rupees) | ||
| Profit & Loss Account: | |||||||
| Turnover | 2,211,305,116 | 4,216,372,059 | 2,015,771,967 | 3,160,906,955 | 2,100,602,765 | 2,212,511,073 | |
| Gross profit/(loss) | 334,329,208 | 349,185,653 | (259,158,512) | 145,381,784 | 82,722,749 | 92,575,629 | |
| Operating profit / (loss) | 224,674,689 | 158,330,432 | (385,221,878) | 53,682,380 | (13,795,936) | (53,145,599) | |
| Profit / (loss) before tax | 41,192,279 | 125,472,507 | (454,852,339) | 1,313,833 | (47,121,548) | (96,350,377) | |
| Profit / (loss) after tax | 49,653,685 | 68,210,590 | (400,590,009) | (25,036,905) | (39,636,418) | (85,547,632) | |
| Balance Sheet: | |||||||
| Fixed assets at WDV | 2,604,746,154 | 2,801,755,471 | 1,932,954,585 | 2,012,259,205 | 1,353,513,590 | 1,458,875,323 | |
| Long term loans, advances and deposits etc. | 1,404,846 | 2,800,805 | 1,065,256 | 1,106,473 | 1,201,703 | 930,794 | |
| Current assets | 891,378,142 | 646,227,439 | 1,558,721,131 | 594,957,278 | 868,488,337 | 580,449,809 | |
| 3,450,783,715 | 3,492,740,972 | 2,608,322,956 | 2,223,203,630 | 2,040,255,926 | |||
| Shareholders’ equity | (39,776,215) | (191,491,993) | (323,248,936) | (25,729,060) | (48,028,517) | (7,220,680) | |
| Surplus on revaluation of fixed assets | 1,357,507,096 | 1,476,249,189 | 812,179,558 | 915,249,691 | 403,466,946 | 430,504,817 | |
| Long term liabilities & current maturity thereof | 710,000,000 | 1,039,166,667 | 1,108,958,837 | 889,000,000 | 719,000,000 | 635,000,000 | |
| Deferred liabilities / Deferred Income | 766,348,446 | 817,545,784 | 489,029,469 | 566,434,415 | 369,811,130 | 355,818,980 | |
| Current liabilities excluding current maturity of long term liabilities | 703,449,815 | 309,314,068 | 1,405,822,044 | 263,367,910 | 778,954,071 | 626,152,809 | |
| 3,497,529,142 | 3,450,783,715 | 3,492,740,972 | 2,608,322,956 | 2,223,203,630 | 2,040,255,926 | ||
| Statistics and Ratios % | |||||||
| Gross profit to Sales | 15.12 | 8.28 | (12.86) | 4.6 | 3.94 | 4.18 | |
| Profit / (Loss) before tax to Sales | 1.86 | 2.98 | (22.56) | 0.04 | (2.24) | (4.35) | |
| Profit / (Loss) after tax to Sales | 2.25 | 1.62 | (19.87) | (0.79) | (1.89) | (3.87) | |
| Fixed Assets/Turnover (Times) | 0.85 | 0.66 | 0.96 | 0.64 | 0.64 | 0.66 | |
| Inventory/Turnover (Times) | 0.19 | 0.24 | 0.5 | 0.01 | 0.11 | 0.11 | |
| Earning / (Loss) per Share (Rs.) | 4.76 | 6.54 | (38.43) | (2.4) | (8.21) | (8.21) | |
| Gross Dividend (%) | 10 | 16% | – | – | – | – | |
| Dividend per Share (Rs.) | 1 | 1.6 | – | – | – | – | |