Financial results of Baba Farid Sugar Mills Limited for period ended June 30, 2016

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 July 29, 2016.

The agenda of the meeting was discussion of profit and loss account for nine months period and quarter ended June 30, 2016 which portrayed a profit of Rs. 8,835,872 and Rs. 3,494,699 with earnings per share 0.94 and 0.37 basic and diluted respectively.

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

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 by-products i.e. Molasses and V. Filter Cake. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi and its manufacturing facility is located in Punjab.

Baba Farid Sugar Mills Limited is the second sugar mill of the Imporient Group and is located in Okara. The production capacity of the company is 27,200 Tonnes. The company is also a member of the Chamber of Commerce and Industry.

The symbol “BAFS” is being used by the stock exchanges for the shares of Baba Farid Sugar Mills Limited.