Financial results of Dewan Sugar Mills Limited for year ended September 30, 2016
Karachi, Dewan 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 loss of Rs. 695,892,768 with loss per share 10.46 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Furthermore, the share transfer books of the company will remain closed from January 23, 2017 to January 30, 2017 (both days inclusive). Dewan Sugar Mills Limited is a company incorporated in Pakistan. The foundations of the company are laid under the Companies Ordinance, 1984. The company is engaged in manufacturing and sale of white refined crystalline sugar, processing and trading of by-products and other related activities and allied products. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located in Karachi and the manufacturing facility of the company is located in Thatta. The symbol “DWSM” is being used by the stock exchanges for the shares of Dewan Sugar Mills Limited.