The Crescent Textile Mills Limited Reports Earnings Results for the Full Year Ended June 30, 2023

The Crescent Textile Mills Limited is a Pakistan-based company. The Company is engaged in the business of textile manufacturing comprising spinning, combing, weaving, dyeing, bleaching, printing, stitching, buying, selling, and otherwise dealing in yarn, cloth and other goods and fabrics made from raw cotton and synthetic fiber(s) and to generate, accumulate, distribute, supply and sale of electricity. The Company's segments include Spinning, which is engaged in producing yarn using natural and artificial fibers; Weaving, which is engaged in producing greige fabric using yarn; Processing and Home Textile, which is engaged in processing greige fabric for the production of printed and dyed fabric, and manufacturing of home textile articles, and Power Generation, which is engaged in generating and distributing power. Its spinning division produced over 14.5 million kilograms (kgs) of yarn. The Company’s in-house weaving facility produced approximately 10.9 million meters of fabric.