S.S. Oil Mills Limited Reports Operational and Financial Performance to Pakistan Stock Exchange

Vehari, S.S. Oil Mills Limited conducted a corporate briefing session on March 19, 2024, to disclose its operational and financial performance. The session highlighted the company’s achievements and provided insights into its operations, financial health, and future outlook.

S.S. Oil Mills Limited, known for its modern Edible Oil Solvent Extraction Plant located in Vehari has been a significant player in the industry since its inception on August 21, 1990. With a capacity exceeding 90,000 metric tons per annum over a 225-day operating season, the company prides itself on its state-of-the-art processing techniques, oilseed storage, and quality control systems that ensure the highest standard of products. As a public limited company, its shares are publicly traded on the Pakistan Stock Exchange, focusing on extracting, processing, and selling edible oil, meal, and by-products.

The company’s financial performance over the past seven years was thoroughly reviewed during the session. Sales showed a notable increase from PKR 2,674,122,680 in 2017 to PKR 10,562,344,900 in 2022, before experiencing a decline to PKR 6,230,793,595 in 2023. Despite fluctuations, gross profit and operating profit have generally shown an upward trend, with gross profit reaching PKR 578,336,199 and operating profit at PKR 527,765,585 in 2023. Profit before tax and profit after tax have also seen varying degrees of growth, with the figures standing at PKR 354,201,672 and PKR 134,337,010 respectively for the year 2023.

The company’s capital structure remained stable with a paid-up capital of PKR 56,584,000 throughout the reviewed period. Current assets and liabilities have fluctuated, indicating changes in the company’s operational dynamics and financial strategies. As of 2023, current assets were reported at PKR 1,810,960,209, with current liabilities significantly reduced to PKR 668,498,380.

The briefing concluded with a question and answer session, allowing stakeholders to engage directly with the company’s management to clarify details and gain deeper insights into the company’s strategies and future plans.