Azgard Nine Limited Reports Earnings Results for the First Quarter Ended September 30, 2020

Azgard Nine Limited is a Pakistan-based textile manufacturing company. The Company is a composite spinning, weaving, dyeing, and stitching unit engaged in the manufacturing of yarn, denim, and denim products. The Company operates through three segments: Spinning, Weaving, and Garment. Its Spinning segment includes production of different qualities of yarn using natural and artificial fibers. Its Weaving segment include production of different qualities of fabric using yarn, and Garments include manufacturing of garments using processed fabric. The Company has two production units with Unit I located at 2.5 km off Manga, Raiwind Road, District Kasur and Unit II (rented facility) located at Atta Buksh Road, 18- km, off Ferozepur Road, Mouza Atari Saroba, Tehseel Cantt, Lahore. The Company's subsidiary is Montebello s.r.l.