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Board of directors meeting of Adam Sugar Mills Limited

Karachi, Adam Sugar Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on December 30, 2022 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended September 30, 2022.

Further, the company has declared the closed period from December 23, 2022 to December 30, 2022.

Adam Sugar Mills Limited was incorporated in Pakistan on 1965. The name of the company was Bahawalnagar Sugar Mills Limited, but as a public limited company, in 1985, the name of the company was changed to Adam Sugar Mills Limited. The Shares of the company are now quoted in Pakistan Stock Exchange, and “ADAMS” symbol is being used for the shares of the company.

Adam Sugar Mills Limited is engaged in the manufacturing and sale of Sugar, part of Candy manufacturing industry.

The total number of shares the company has issued are 17,291,008. Earnings per shares in 2020 has increased up to 18.42 whereas it was (14.69) in 2019. The Profit after tax recorded in 2020 is 318,557,000 which was (254,059,000) in 2019.

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