Board of directors meeting of The Crescent Textile Mills Limited

Karachi, The Crescent Textile Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 14, 2021 at Faisalabad. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from September 07, 2021 to September 14, 2021.

The Crescent Textile Mills Limited is a public limited company incorporated in Pakistan. The Company is engaged in the business of textile manufacturing comprising of spinning, combing, weaving, dyeing, bleaching, printing, stitching, buying, selling and otherwise dealing in yarn, cloth and other goods and fabrics made from raw cotton and synthetic fibers and to generate, accumulate, distribute, supply and sale of electricity.

The Crescent Textile Mills was founded in 1950. It’s a vertically integrated composite textile unit and engaged in supreme quality manufacturing of Yarn, Greige/Processed Fabrics, Home Textile, and Institutional Garments. 60+ years since its inception, the name of Crestex is known for its quality, innovation, and reliability all over the world.

The total number of shares are 80,000,000. The Earnings per share of the Company is 0.42 in 2020 which was 2.98 in 2019. The Profit after Taxation of the Company is 33,599,000 in 2020 which was 238,589,000 in 2019.