Karachi, Crescent Fibres Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on October 28, 2022 at Lahore.
The agenda of the meeting will to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended June 30, 2022 together with the Directors and Auditors Reports thereon, to appoint auditors for the year ending June 30, 2022 and fix their remuneration and to transact any other business with the permission of the chair.
Further, the closed period of the company is from October 20, 2022 to October 28, 2022 (both days inclusive).
“Crescent Fibres Limited was incorporated in Pakistan on August 06, 1977 as a Public Limited Company. Initially they were working on wood related products, but then they started Chemical Division and a Textile Division. The wood related and chemical operations have been discontinued then. The Company is principally engaged in the manufacturing and sale of yarn.
The total number of shares the Company introduced are 12,417,876. The Earnings per shares is 8.76 in 2020 which was 9.12 in 2019. Their Profit after Taxation is 108,769,000 in 2020 which was 113,194,000 in 2019.”