The Premier Sugar Mills & Distillery Company Limited announced earnings results for the first quarter ended December 31, 2016. For the quarter, the company reported sales-net of PKR 291,301,000 against PKR 574,619,000 a year ago. Operating loss was PKR 20,986,000 against operating profit of PKR 20,986,000 a year ago. Loss before taxation was PKR 2,885,000 against profit before taxation of PKR 12,729,000 a year ago. Loss after taxation was PKR 6,726,000 or PKR 1.79 per share against profit after taxation of PKR 10,238,000 or PKR 2.73 per share a year ago.