Financial results of Crescent Fibres Limited for Quarter ended March 31, 2021.

Karachi -- Crescent Fibres Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 29, 2021.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2021 which portrayed a profit of Rs. 138,189,784 with earnings per share 11.13 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

The announcement is available at:

https://dps.psx.com.pk/download/document/166047.pdf

Crescent Fibres Limited was incorporated in Pakistan on August 06, 1977 as part of Crescent Sugar Mills and Distillery Limited. The foundations of the company are laid under the Companies Ordinance, 1984 as a public limited company. The principal business of the Company is manufacture and sale of yarn. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is situated in Lahore.

The wood related and chemical operations have been...