trending Market Intelligence /marketintelligence/en/news-insights/trending/XODTLONpd5BOvC5ikNe0hg2 content esgSubNav
In This List

Shahmurad Sugar Mills swings to loss in fiscal Q3


Volume of Investment Research Reports on Inflation Increased in Q4 2021


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


Using ESG Analysis to Support a Sustainable Future


Next in Tech | Episode 48: The everything that is Industrial IoT

Shahmurad Sugar Mills swings to loss in fiscal Q3

Shahmurad Sugar Mills Ltd. said its normalized net income for the fiscal third quarter ended June 30 was a loss of 19 Pakistani paisa per share, compared with 2.10 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 4.0 million rupees, compared with income of 44.4 million rupees in the prior-year period.

The normalized profit margin fell to negative 0.3% from 3.0% in the year-earlier period.

Total revenue declined 11.8% year over year to 1.32 billion rupees from 1.50 billion rupees, and total operating expenses declined 6.6% from the prior-year period to 1.24 billion rupees from 1.33 billion rupees.

Reported net income decreased 81.6% on an annual basis to 13.2 million rupees, or 63 paisa per share, from 71.6 million rupees, or 3.39 rupees per share.

As of July 24, US$1 was equivalent to 101.81 Pakistani rupees.