trending Market Intelligence /marketintelligence/en/news-insights/trending/RUUm_pTdFg9Rcc4TaUp54A2 content esgSubNav
In This List

Sakrand Sugar Mills fiscal Q1 loss narrows YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Sakrand Sugar Mills fiscal Q1 loss narrows YOY

Sakrand Sugar Mills Ltd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, amounted to a loss of 2.05 Pakistani rupees per share, compared with a loss of 3.20 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 45.8 million rupees, compared with a loss of 71.3 million rupees in the year-earlier period.

The normalized profit margin fell to negative 6.3% from negative 5.9% in the year-earlier period.

Total revenue fell 40.2% on an annual basis to 725.5 million rupees from 1.21 billion rupees, and total operating expenses declined 40.2% on an annual basis to 786.9 million rupees from 1.32 billion rupees.

Reported net income totaled a loss of 69.5 million rupees, or a loss of 3.11 rupees per share, compared to a loss of 110.6 million rupees, or a loss of 4.96 rupees per share, in the prior-year period.

As of March 25, US$1 was equivalent to 101.95 Pakistani rupees.