Financial results of The Crescent Textile Mills Limited for Quarter ended December 31, 2019

Karachi, The Crescent Textile Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 27, 2020.

The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2019 which portrayed a profit of Rs. 77,081 with earnings per share 0.96 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

The Crescent Textile Mills Limited is a public limited company incorporated in Pakistan. The foundations of the company are laid under the principals of the Companies Ordinance, 1984. The company is engaged in the business of textile manufacturing comprising of Made ups, processed fabrics, Greige Fabric and Yarn. These products are made from raw cotton and synthetic fibers. The company also operates a cold storage and a power generation house. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The resistered office of the company is located in Lahore.

The symbol “CRTM” is being used by the stock exchanges for the shares of the Crescent Textile Mills Limited.