Financial results of Baba Farid Sugar Mills Limited for Year ended September 30, 2019.

Karachi: Baba Farid Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the Board of Directors in the meeting held at Lahore on December 30, 2019.

The agenda of the meeting was discussion of profit and loss account for year ended September 30, 2019 which portrayed a loss of Rs. 682,625,093 with loss per share 72.24 basic and diluted respectively.

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

Furthermore, the share transfer books of the company will remain closed from January 21, 2020 to January 27, 2020 (both days inclusive).

"Baba Farid Sugar Mills Limited is a company incorporated in Pakistan in 1978 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. It is principally engaged in the manufacturing and sale of sugar including its...