Financial results of Chashma Sugar Mills Limited for period ended March 31, 2016

Karachi, Chashma Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Islamabad on May 27, 2016.

The agenda of the meeting was discussion of profit and loss account for six months period and quarter ended March 31, 2016 which portrayed a profit of Rs. 137,646 and Rs. 62,535 with earnings per share 4.80 and 2.18 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Chashma Sugar Mills Limited is a company incorporated in Pakistan on May 5, 1988 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The commercial production of the company started from October 01, 1992. The company is engaged principally in the manufacture and sale of white sugar. The company is a subsidiary of The Premier Sugar Mills and Distillery Company Limited. The stocks of the company are quoted on the Karachi, Lahore and Islamabad stock exchanges of Pakistan. The head office of the company is located in Islamabad.

The symbol “CHAS” is being used by the stock exchange for the shares of Chashma Sugar Mills Limited.