The Premier Sugar Mills & Distillery Company Limited has announced its financial results for the quarter and half year ended March 31, 2026, highlighting significant growth in sales alongside continued financial challenges.
According to the company’s statement submitted to the Pakistan Stock Exchange (PSX), net sales for the half year reached Rs. 2.23 billion compared to Rs. 528 million during the same period last year. The company reported a gross profit of approximately Rs. 163 million, showing improvement from the previous period.
Despite the increase in sales, the company continued to face operational and financial pressures. Rising finance costs, administrative expenses, and other operational charges contributed to an overall loss after taxation of approximately Rs. 245 million for the half year.
For the quarter ended March 31, 2026, Premier Sugar Mills recorded net sales of over Rs. 801 million. However, higher production and financing costs impacted profitability, resulting in a quarterly loss.
The consolidated financial results also reflected strong revenue growth from both local and export sales. Consolidated net sales for the half year stood at approximately Rs. 17.86 billion, compared to Rs. 13.35 billion during the corresponding period last year. However, the group reported a consolidated loss after taxation due to increased finance costs and operational expenses.
Company officials stated that the financial reports will be submitted electronically through the Pakistan Unified Corporate Action Reporting System (PUCARS) in compliance with Pakistan Stock Exchange regulations.
Industry analysts note that sugar sector companies continue to face challenges linked to fluctuating production costs, taxation pressures, and financing expenses, despite improvements in market demand and sales volumes.
Premier Sugar Mills remains focused on managing operational efficiency and navigating the evolving economic conditions affecting Pakistan’s sugar and industrial sectors.
