Change of Chief Executive Officer of Crescent Cotton Mills Limited

Karachi, Crescent Cotton Mills Limited informed Pakistan Stock Exchange that Mr. Abid Mehmmood has been appointed as Chief Executive Officer of the Company with effect from June 23, 2021 in place of Mr. Muhammad Arshad.

The Crescent Cotton Mills Limited is a public limited company incorporated in March, 1959 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 fiber and to generate, accumulate, distribute, supply and sale of electricity.

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