Crescent Cotton Mills : Financial Results for the Quarter Ended December 31, 2022
February 27, 2023 at 02:21 am EST
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CRESCENT COTTON MILLS LIMITED
UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (Un-audited)
FOR THE HALF YEAR ENDED 31 DECEMBER 2022
Half year ended
Quarter ended
31 December
31 December
31 December
31 December
2022
2021
2022
2021
-------------------------(RUPEES IN THOUSAND)----------------------
REVENUE FROM CONTRACTS WITH CUSTOMERS
3,138,628
3,550,199
1,591,183
1,896,614
COST OF SALES
(2,878,024)
(3,083,387)
(1,474,865)
(1,662,365)
GROSS PROFIT
260,604
466,812
116,318
234,249
DISTRIBUTION COST
(43,232)
(91,558)
(1,737)
(58,483)
ADMINISTRATIVE EXPENSES
(109,510)
(101,984)
(56,830)
(52,987)
OTHER EXPENSES
(8,244)
(28,556)
(7,203)
(20,825)
OTHER INCOME
44,106
27,479
34,651
18,478
FINANCE COST
(55,907)
(39,560)
(29,446)
(27,095)
PROFIT BEFORE TAXATION
87,817
232,633
55,753
93,337
TAXATION
(36,534)
(35,828)
(16,824)
(17,238)
PROFIT AFTER TAXATION
51,283
196,805
38,929
76,099
EARNINGS PER SHARE - BASIC AND
DILUTED (RUPEES)
2.26
8.69
1.72
3.36
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Crescent Cotton Mills Ltd. published this content on 27 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 February 2023 07:20:04 UTC.
Crescent Cotton Mills Limited is a Pakistan-based holding company. The Company is engaged in the business of manufacturing and sale of yarn, home textile and hosiery along with buying, selling and otherwise dealing in cloths and made ups. Its products include yarn, grey cloth, embroidered fabric, socks and garments. The Company, through its subsidiary, Crescot Mills Limited, is engaged in the business of trading of raw materials of textiles. The Company operates approximately three spinning units. All the spinning units consist of approximately 55,680 spindles with an accumulated capacity of 18,578,416 kilograms (Kgs) of yarn converted at 20s count.
CRESCENT COTTON MILLS LIMITED 