Lüks Kadife Ticaret ve Sanayi A.S. Reports Earnings Results for the First Quarter Ended March 31, 2022

Luks Kadife Ticaret ve Sanayi AS (Luks Kadife) is a Turkey-based company engaged in the twisting, warping, dyeing and finishing of velvet from cotton and cotton blends. Its products include regular and stretchable velvet for clothing, plain velvet for curtains, plain and printed velvet for upholstery, as well as regular and stretchable corduroy. The Company has a production area that covers approximately 20,000 square meters. It has an annual production capacity of three million meters, and annual fabric dying capacity of five million meters. Luks Kadife exports its products to the United Kingdom, France, Italy, Belgium, Germany and the United States, and supplies products to international textile, home furnishing and clothing companies, such as IKEA, Next, M&S, Zara, Vakko and Altinyildiz. The main shareholder of the Company is Kucukcalik Tekstil Sanayi ve Ticaret AS, also active in the textiles sector.