Faran Sugar Mills Ltd. Faces Challenges with Negative EPS and No Distributions

Karachi: Faran Sugar Mills Ltd. (FRSM) reported challenging financial conditions in the Pakistan Stock Exchange. The company’s rate was Rs. 84.75, with a daily average of Rs. 84.50. With a paid-up capital of Rs. 250.07 million, Faran Sugar Mills declared no distributions in recent years. Since its listing in 1984, the stock achieved a high rate of Rs. 88.88 and a low of Rs. 50.5, with a turnover of 1,007,500. The company reported a negative EPS of Rs. (14.82) for 2021/2022.

Check Also

Pakistan Issues $3 Billion Dual-Tranche Eurobond

Islamabad: Pakistan has issued a three-billion-dollar dual tranche Eurobond. The positive development was shared by Finance Minister Muhammad Aurangzeb while speaking at the High-Level International Dialogue on Taxation for Fiscal Sustainability in Pa...