Al-Abbas Sugar Mills Limited has released its unaudited condensed interim financial statements for the nine months ended June 30, 2026, showing a decline in profitability compared to the same period last year.
- For the nine months ended June 30, 2026:
- Revenue: PKR 7,617.86M (down from PKR 12,425.33M in June 2025)
- Net Profit (PAT): PKR 552.68M (down from PKR 1,081.57M in June 2025)
- Earnings Per Share (EPS): PKR 31.83 (down from PKR 62.29 in June 2025)
- The decline in profitability is attributed to reduced sales volumes of sugar and ethanol, alongside lower average selling prices.
- The Sugar Division reported net sales of PKR 1,097.58M, a significant drop from PKR 5,277.75M in the prior year.
- The Ethanol Division's sales decreased to PKR 6,378.82M from PKR 7,118.23M, reflecting lower sales volumes and prices.
- Cash generated from operations was negative at PKR (5,512.83M), compared to a positive PKR 4,574.27M in the previous year.
- The company has not declared any interim cash dividend for this period, contrasting with PKR 25 per share in the previous year.
- The report is unaudited and reflects a challenging market environment with ongoing pressures on sugar prices due to oversupply.