Al-Abbas Sugar Mills Limited (AABS): SY24 Corporate Briefing Takeaways - By Taurus Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Al-Abbas Sugar Mills Limited (AABS) was incorporated as a public limited company in Pakistan on May 2, 1991. The principal activity of the business comprises of Sugar, Ethanol, Chemical, Alloys &amp; Power, and Tank Terminal.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Revenue clocked-in at PKR 16.5Bn as compared to PKR 14.5Bn, up 13% over the SPLY. Gross margins decreased by 12ppts during the period primarily due to the increased raw material costs, higher utility prices, supply chain disruptions, and increased inflation. PAT arrived PKR 1.5Bn as compared to PKR 3.6Bn, down 58% over the SPLY. The Company also announced a payout of 500%.</span></li></ul><ul><li><span style="font-family:Arial, Hel...