Hamid Fabrics Limited Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended December 2017

Hamid Fabrics Limited manufactures premium solid-dyed and yarn-dyed fabrics for the country's 100% export-oriented readymade garment (RMG) industry. The Company offers 100% cotton fabrics as well as blended fabrics, such as cotton/polyester, cotton/viscose, nylon/cotton, and cotton/lycra. The weaving unit produces gray fabrics in various design and construction, such as twill, canvas, oxford, rib stop, rib cord, ottoman, herringbone, and various dobby designs with a weight range of 100-450 grams per square meter (GSM). The markets for its products are United States of America and the European Union. The Company has three production units such as woven fabric, gray fabric, and yarn dyeing. Woven fabric has installed capacity to produce approximately 32.40 million yards of finished dyed fabrics annually. Its weaving unit has an annual capacity of approximately 9.88 million yards of gray fabrics. Its yarn dyeing unit has an annual capacity of dyeing 1.37 million kilograms of yarn.