JDW Sugar Mills Limited Reports Unconsolidated and Consolidated Earnings Results for the First Quarter Ended December 31, 2017
JDW Sugar Mills Limited reported unconsolidated and consolidated earnings results for the first quarter ended December 31, 2017. For the quarter, on un-consolidated basis, the company reported net sales of PKR 8,574,042,682 compared to PKR 10,835,107,998 a year ago. Profit from operations was PKR 209,274,792 compared to PKR 1,238,520,054 a year ago. Loss before taxation was PKR 182,268,055 compared to profit of PKR 905,525,657 a year ago. Loss after taxation was PKR 40,208,791 or PKR 0.67 per basic and diluted share compared to profit of PKR 761,585,561 or PKR 12.74 per basic and diluted share a year ago.
For the quarter, on consolidated basis, the company reported net sales were PKR 11,285,935,667 compared to PKR 11,790,645,847 a year ago. Loss from operations was PKR 306,319,344 compared to profit of PKR 1,377,054,953 a year ago. Loss before taxation was PKR 787,189,778 compared to profit of PKR 1,013,869,705 a year ago. Loss after taxation was PKR 470,398,358 compared to profit of PKR 740,229,761 a year ago.