Financial results of Adam Sugar Mills Limited for the periodended September 30, 2015

Karachi: Adam Sugar Mills Limited informed Karachi Stock Exchange about the recommendations made by the board of directors in the meeting held on December 31, 2015.

The agenda of the meeting was discussion of profit and loss account for the period ended September 30, 2015 which portrayed a loss of Rs. 70,500,029 and loss per share 4.08 basic and diluted.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

The annual general meeting of the company is scheduled to be held on January 30, 2016.

Further, the share transfer books of the company will remain closed from January 21, 2016 to January 30, 2016 (both days inclusive).

Adam Sugar Mills Limited was incorporated in Pakistan in 1965 in the name of Bahawalnagar Sugar Mills Limited as a public limited company. In 1985 the name of the company was changed to Adam Sugar Mills Limited. The provisions and directives of the Companies Ordinance, 1984 prevail within the organization. The company is engaged in the business of manufacturing sugar. The registered office of the company is located in Karachi. The factory is situated in Punjab. The shares of the company are quoted on Karachi and Lahore stock Exchanges of Pakistan.

The symbol “ADAMS” is being used by the stock exchanges for the shares of Adam Sugar Mills Limited.