Corporate Alerts: Mitchell’s Fruit Farms, Dewan Sugar Mills post losses

In a bourse filing on the exchange, Mitchell’s Fruit Farms and Dewan Sugar Mills today announced financial results for the half year ended 31, March 2018.

Half Year Results

Mitchell’s Farm reported sales at Rs. 937.568 million with Gross Profit at 25 percent clocking in at Rs. 233.76 million. The company reported bottom-line losses at Rs. 46.018 million against profits for Rs. 6.871 million during the same period last year.

Meanwhile, Dewan Sugar Mills reporting sales at Rs. 3.131 billion reported losses worth Rs. 189.140 million due to a significant increase in cost of sales for the period. The company similar to other sugar mills across the country suffered due to a dis-agreement between suppliers and sugar mill owners.