Sapphire Fibres Limited Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023

Sapphire Fibres Limited is a Pakistan-based company that is engaged in the manufacturing and sale of yarn, fabrics and garments. The Company's segments include Spinning; Knitting, processing and garments; Denim, and Power. Its products include yarns, wovens, knits and home textiles. The Company specializes in a variety of home textile made ups, such as sheet sets, quilt/duvet covers, bed skirts, shams, pillowcases, comforters, curtains, table covers and aprons, among others. Its yarn product range consists of a variety of ring spun, compact spun, open end, dyed and bleached yarns in various counts. Along with basic cotton and polyester cotton (PC) yarns, the Company also offers specialized yarns for niche market including MVS, Coolmax, Fortrel, Tencel, Modal, melange, slub yarns and core spun Lycra yarns. It has a production capacity of approximately five million kilograms (kg) of yarn per month. The Company's woven products include greige woven fabrics and finished woven fabrics.