November 30, 2018 (MLN): Sakrand Sugar Mills Limited shall start commercial production of organic compost fertilizer this season 2018-19, to be exported to countries with a focus on organic farming, targeting 5,000-7,000 MT of fertilizer, a notification to PSX by the company said on Friday.

This is the result of by-product processing against which the company expects a significant increase in earnings bringing in precious foreign exchange to the country, the announcement added.

This shall add further income, expected up to Rs. 3 to the earning per share of the company, under Final Tax Regime (FTR) at 1% of Exports Proceeds.

Furthermore, a portion of the production shall be supplied to local growers as fertilizers loan to help them in farming and achieving high yields and better sucrose recovery

Copyright Mettis link News

24525