Dewan Sugar Mills Limited has released its condensed interim financial results for the nine months ended June 30, 2026, revealing continued operational challenges and significant losses.
- Net Sales for the period stood at PKR 1,246.91M, down from PKR 1,275.74M in the same period last year.
- The company reported a Gross Loss of PKR 657.40M, compared to a Gross Loss of PKR 662.05M in the previous year.
- Net Loss after tax was PKR 683.04M, slightly improved from PKR 714.84M in the prior year.
- Basic Loss per Share (EPS) is reported at PKR (7.46), compared to PKR (7.81) last year.
- The sugar plant resumed operations for 58 days, crushing 90,644 metric tons of sugarcane, producing 8,755 metric tons of sugar.
- The distillery segment remained non-operational due to economic challenges and working capital constraints.
- Current liabilities exceeded current assets by PKR 6.68B, raising concerns about the company's ability to continue as a going concern.
- The report is unaudited and prepared in accordance with applicable accounting standards.