Financial Highlights

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

               
               
    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  –