Financial results of Faran Sugar Mills Limited for year ended September 30, 2016
Karachi, Faran Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on December 28, 2016. The agenda of the meeting was discussion of profit and loss account for year ended September 30, 2016 which portrayed a profit of Rs. 482,663,315 with earnings per share 19.30 basic and diluted respectively. Further, 5 per share i.e. 50% payment of cash dividend, bonus shares and right shares was agreed. Furthermore, the share transfer books of the company will remain closed from January 25, 2017 to January 31, 2017 (both days inclusive). Faran Sugar Mills Limited is a company incorporated in Pakistan on November 03, 1981 as a Public Limited Company. The foundations of the company are laid under the principals of the Companies Ordinance, 1984. The principal business of the company is to manufacture and sale white sugar. The stocks of the company are quoted on the Karachi and Lahore Stock Exchange of Pakistan. The mill of the company is located at Hyderabad Sindh and the registered office of the company is situated at Karachi. The symbol “FRSM” is being used by the stock exchange for the shares of Faran Sugar Mills Limited.