Corporate Briefing Session of Janana-de-Malucho Textile Mills Limited.

Karachi -- Janana-de-Malucho Textile Mills Limited informed Pakistan Stock Exchange that Corporate Briefing Session of the Company held on November 10, 2022 through video link, to brief the investors/analysts about Company Financial Performance and Outlook for the year ended June 30, 2022.

The announcement is available at:

https://dps.psx.com.pk/download/document/197631.pdf

"Janana De Malucho Textile Mills Limited was incorporated on 6th October, 1960 as a Public Limited Company under the capable professional guidance of founder chairman (Late) Lt. Gen. M. Habibullah Khan Khattak. It was established as composite textile unit at Kohat with a capacity of 12,500 spindles, and 250 (weaving) looms and a processing unit.

The mill is located in Kohat at a distance of 53 km south of Peshawar. Commercial production started in 1963 and another 12,500 spindles were added to the spinning capacity in 1968 with 250 looms.

The textile industry in Pakistan suffered serious crisis from 1977 to 1985. Many mills were forced to close down their weaving and processing units especially in NWFP. Janana also closed down its weaving and processing units in 1983. However, from 1986 onwards the management of the company, with untiring...