Al-Abbas Sugar Mills Limited has announced its financial results for the half-year ended March 31, 2026, reporting a profit after taxation of Rs. 371.5 million while declaring an interim cash dividend of Rs. 7.50 per share (75%) for shareholders.<\/p>\n
The company’s Board of Directors approved the financial results during its meeting held on May 18, 2026. In addition to the dividend declaration, the company confirmed that no bonus shares or right shares would be issued.<\/p>\n
During the six-month period, Al-Abbas Sugar Mills recorded net turnover of Rs. 4.55 billion, compared with Rs. 6.91 billion in the corresponding period last year. Profit after taxation declined to Rs. 371.5 million from Rs. 601.2 million a year earlier, reflecting a challenging operating environment. Earnings per share (EPS) stood at Rs. 21.40 compared with Rs. 34.63 in the same period of the previous year.<\/p>\n
Gross profit reached Rs. 1.15 billion, while operating profit amounted to Rs. 451.9 million. The company also generated Rs. 248.3 million in other income during the period, helping support overall profitability.<\/p>\n
The company reported a loss of Rs. 116.1 million on the remeasurement of investments recognized through other comprehensive income. As a result, total comprehensive income for the period stood at Rs. 255.4 million.<\/p>\n
As of March 31, 2026, Al-Abbas Sugar Mills reported total assets of approximately Rs. 13.79 billion. Shareholders’ equity increased to Rs. 8.42 billion, demonstrating the company’s continued financial strength despite lower earnings during the period. Cash and bank balances remained solid at Rs. 1.09 billion.<\/p>\n
The company experienced a net decrease in cash and cash equivalents of Rs. 256.6 million during the half year. However, strong investing cash inflows of over Rs. 7.2 billion, largely from investment disposals and financial asset transactions, helped offset significant operating cash outflows.<\/p>\n
The share transfer books will remain closed from June 1, 2026, to June 3, 2026, for the purpose of determining entitlement to the interim dividend. Shareholders whose transfers are registered by May 29, 2026, will be eligible for the announced dividend.<\/p>\n
While Al-Abbas Sugar Mills reported lower revenue and profitability compared with the previous year, the company continues to maintain a strong balance sheet and reward shareholders through dividend payments. Investors will closely monitor future operating performance, market conditions, and developments relating to the legal matter highlighted by the auditors in the company’s report.<\/p>\n","protected":false},"excerpt":{"rendered":"
Al-Abbas Sugar Mills Limited has announced its financial results for the half-year ended March 31, 2026, reporting a profit after taxation of Rs. 371.5 million while declaring an interim cash dividend of Rs. 7.50 per share (75%) for shareholders. The company’s Board of Directors approved the financial results during its meeting held on May 18, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[60],"tags":[55],"class_list":["post-223","post","type-post","status-publish","format-standard","hentry","category-al-abbas-sugar-mills-limited-aabs-psx","tag-financial-results","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/posts\/223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=223"}],"version-history":[{"count":1,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/posts\/223\/revisions"}],"predecessor-version":[{"id":224,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/posts\/223\/revisions\/224"}],"wp:attachment":[{"href":"https:\/\/finance.brands.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}