Michell y Cía. S.A. Reports Earnings Results for the First Quarter Ended March 31, 2023

Michell y Cia SA is a Peru-based company primarily engaged in the textile industry. The Company specializes in the production, distribution, sale and export of alpaca yarns, wool and specialty blends used for hand knitting and machine knitting and weaving. The Company, through MFH Knits SAC, a company that produces knitwear and accessories, comprises and manages such entities and assets as Mallkini, an alpaca ranch located in the province of Puno; Michell Rugs & Carpets, an entity which comprises the design and confection of hand tufted wool and alpaca rugs and carpets; Sol Alpaca, the Company’s knitwear and accessories brand, and Mundo Alpaca, an eco-tourist center located in Arequipa. In addition, the Company is active in the alpaca, vicuna and llama breeding.