Abstract:
Main purpose of this research study is to evaluate and
investigate the determinants of firm financial performance in
sugar industry of Pakistan by using the statistical method which
includes the multiple regression, correlation and descriptive
statistics. For the analysis of sugar industry performance the
research use the five variables one is dependent that is
profitability and other four are independent which include the
leverage, liquidity, size and sales. The data use for this
purpose in this research study is secondary based that is
collected form published annual report of Karachi stock exchange
that is related to 2010-2014. Eight sugar companies have been
chosen purposively in KSE listening as on 31st December
2014.profitability of the eight sugar mills have been examine
by using multiple regression modal. This research study is
emphasis and concentrated on relationship among profitability,
leverage liquidity, size, and sale. It is observed the
relationship of leverage and liquidity is negatively associated
with the profitability that is paid positive impact on the firm
profitability. On the other side the relationship of sales and
size also negatively associated with the profitability that
means the financial performance of the sugar firms are
decreasing day by day. The study also find out about asset
utilization and firm leverage that effect on firm financial
performance and the result of the study shows the negative
relationship of asset utilization with the firm leverage. The
result of this research study revel that overall profitability
of Adam sugar mill, Chama sugar mill, Khanpur sugar mill,
Mairpurkhas sugar mill, Haseeb Waqas sugar mill, Sanghar sugar
mill and Husein sugar mill ltd is satisfactory.
