Ibrahim Fibres Limited Reports Earnings Results for the Third Quarter Ended March 31, 2020

Ibrahim Fibres Limited is a Pakistan-based company, which is engaged in the manufacture and sale of polyester staple fiber (PSF) and yarn. Its consolidated operations comprise of Polyester Plants and Textile Spinning Plants supported by in house power generation plants (based on HFO, Gas and Coal). The Polyester Plants produce a range of PSF in different varieties, lusters, cut lengths and fineness. These polyester plants also produce dyed and hollow fibers in siliconized and non-siliconized varieties. Its Textile Spinning Plants specialize in production of finer counts of blended as well as pure synthetic yarns. The total power requirement of the Company is met from internal power generation. The Company also uses national grid power up to 16 megawatts (MW), being used as stand-by arrangement.