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Jehangir Tareen’s Sugar Mills Post a 170% Increase in Gross Profits in 3 Months
Jehangir Tareen’s JDW Sugar Mills Limited, the largest white sugar producer in the country, has announced its financial results for the first quarter that ended on 31st December 2019.
The company posted a profit after tax of Rs. 138.92 million compared to a loss of Rs. 353 million recorded in the same period last year.
The revenue was up by 61.45% to Rs. 13.19 billion during the first quarter as compared to Rs. 8.17 billion recorded in the same period last year. The sales have increased mainly due to an increase in average selling prices of sugar, molasses, and carryover sugar stocks
Jehangir Tareen’s JDW Sugar Mills Limited, the largest white sugar producer in the country, has announced its financial results for the first quarter that ended on 31st December 2019.
The company posted a profit after tax of Rs. 138.92 million compared to a loss of Rs. 353 million recorded in the same period last year.
The revenue was up by 61.45% to Rs. 13.19 billion during the first quarter as compared to Rs. 8.17 billion recorded in the same period last year. The sales have increased mainly due to an increase in average selling prices of sugar, molasses, and carryover sugar stocks