Crescent Cotton Mills Announces Modest Dividend Amidst Growth

Karachi, Crescent Cotton Mills Ltd. (CCM), a prominent entity in the textile spinning industry, released its financial details for the year ending June 2023. The company declared a modest cash dividend of 7.5%, reflecting its commitment to shareholder returns amidst growth. With an EPS of Rs. 103, Crescent Cotton Mills demonstrated significant financial improvement. The stock achieved a high trading rate of Rs. 99.00, with a turnover of 357,000 shares. Listed since 1965, CCM has been a stable and reliable performer in Pakistan's textile sector, balancing growth with shareholder value.