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
2018 2017 2016 2015 2014 2013
(Rupees) (Rupees) (Rupees) (Rupees) (Rupees) (Rupees)
Profit & Loss Account:
Turnover      4,216,372,059      2,015,771,967       3,160,906,955         2,100,602,765   2,212,511,073    2,326,655,780
Gross profit/(loss)         349,185,653        (259,158,512)          145,381,784              82,722,749        92,575,629         44,278,106
Operating profit / (loss)         158,330,432        (385,221,878)            53,682,380            (13,795,936)      (53,145,599)       (87,266,264)
Profit / (loss) before tax         125,472,507        (454,852,339)              1,313,833            (47,121,548)      (96,350,377)     (106,235,956)
Profit / (loss) after tax           68,210,590        (400,590,009)          (25,036,905)            (39,636,418)      (85,547,632)     (135,555,820)
Balance Sheet:
Fixed assets at WDV      2,801,755,471      1,932,954,585       2,012,259,205         1,353,513,590   1,458,875,323    1,497,147,427
Long term loans, advances
  and deposits etc.             2,800,805             1,065,256              1,106,473                1,201,703             930,794           1,691,091
Current assets         646,227,439      1,558,721,131          594,957,278            868,488,337      580,449,809       352,203,521
     3,450,783,715      3,492,740,972       2,608,322,956         2,223,203,630   2,040,255,926    1,851,042,039
Shareholders’ equity        (191,491,993)        (323,248,936)          (25,729,060)            (48,028,517)        (7,220,680)         13,344,992
Surplus on revaluation of fixed assets      1,476,249,189         812,179,558          915,249,691            403,466,946      430,504,817       472,743,091
Long term liabilities &
  current maturity thereof      1,039,166,667      1,108,958,837          889,000,000            719,000,000      635,000,000       583,000,000
Deferred liabilities / Deferred Income         817,545,784         489,029,469          566,434,415            369,811,130      355,818,980       378,565,811
Current liabilities excluding current
maturity of long term liabilities         309,314,068      1,405,822,044          263,367,910            778,954,071      626,152,809       403,388,145
     3,450,783,715      3,492,740,972       2,608,322,956         2,223,203,630   2,040,255,926    1,851,042,039
Statistics and Ratios
Gross profit to Sales                      8.28                   (12.86)                       4.60                         3.94                   4.18                    1.90
Profit / (Loss) before tax to Sales                      2.98                   (22.56)                       0.04                       (2.24)                 (4.35)                  (4.57)
Profit / (Loss) after tax to Sales                      1.62                   (19.87)                     (0.79)                       (1.89)                 (3.87)                  (5.83)
Fixed Assets/Turnover (Times)                      0.66                      0.96                       0.64                         0.64                   0.66                    0.64
Inventory/Turnover (Times)                      0.24                      0.50                       0.01                         0.11                   0.11                    0.04
Earning / (Loss) per Share (Rs.)                      6.54                   (38.43)                     (2.40)                       (8.21)                 (8.21)                (13.00)
Gross Dividend (%) 16%                          –                          –                             –                       –                       –
Dividend per Share (Rs.)                      1.60                          –                          –                             –                       –                       –