Progress Report of Crescent Jute Products Limited

Karachi, Crescent Jute Products Limited informed Pakistan Stock Exchange that the management is in process of implementing the closure plan approved by the Board meeting and shareholders. There were two parts i.e. disposal of fixed assets and future business plan.

Crescent Jute Products Limited is a public limited company, was incorporated in Pakistan on 1964. The Business Activities of the Company is manufacturing and selling of jute products including jute bags. The registered office is situated at Lahore Pakistan.

The Shares of the Company are 23,763,468. The Earnings per shares in 2020 is (0.83) which was (0.55) in 2019. The Company had a loss of Rs. 19,768,000 in 2020 compare to 13,110,000 in 2019.