Crescent Fibres Limited · PSX:CFL
Crescent Fibres — Corporate Update (November 2024)
21 slides from Crescent Fibres's corporate update, November 2024
Slide 1: Crescent Fibres Limited Corporate Briefing Session 2024
CRESCENT FIBRES LIMITED CORPORATE BRIEFING SESSION 2024
Slide 2: Contents
CONTENTS • PROFILE OF THE COMPANY • OPERATIONAL DEVELOPMENTS • HISTORICAL HIGHLIGHTS • FINANCIAL RESULTS 2024 • FUTURE OUTLOOK • QUESTION AND ANSWER
Slide 3: Company Profile
COMPANY PROFILE
Slide 4: Introduction
INTRODUCTION Crescent Fibres Limited (CFL) started operations in 1969 and is listed on the Pakistan Stock Exchange under Companies Act (Now Companies Act 2017). The Company is principally engaged in the business of Yarn. The manufacturing facilities are located at Bhikhi, District Sheikhupura, Punja
Slide 5: Board of Directors
• BOARD OF DIRECTORS 1. Mrs. Naila Humayun Maqbool (Chairperson ,Non-Executive Director) 2. Mr. Imran Maqbool (Chief Executive Officer, Executive Director) 3. Mr. Humayun Maqbool (Executive Director) 4. Miss. Hanya Maqbool (Non-Executive Director) 5. Mr. Mansoor Riaz (Non-Executive Director) 6. Syed
Slide 6: Share Registrar, Registered Office, Head Office
SHARE REGISTRAR Corplink (Pvt) Limited Wings Arcade, 1-K, Commercial, Model Town, Lahore. Tel: (042) 35916714, 35916719, 35839182 Email: shares@corplink.com.pk REGISTERED OFFICE 104-Shadman 1, Lahore-54000 Tel: (042) 35960871-4 Lines Fax: (042) 35960004 HEAD OFFICE 7th Floor, Lakson Square Building
Slide 7: Operations/Business
OPERATIONS/BUSINESS • The Company has two spinning units. The unit located at Nooriabad its production capacity is 28,608 spindles and the unit located at Bhikhi its production capacity is 38,448 spindles. After BMR production capacity of Bhikhi unit increases to 47,568 spindles. • These units are s
Slide 8: Historical Financial Highlights
HISTORICAL FINANCIAL HIGHLIGHTS
Slide 9: Net Sales, Gross Profit and Net Profit
Net Sales 9,000,000 8,098,145 8,000,000 6,847,571 6,499,839 7,000,000 6,091,013 Rs. In ,000 6,000,000 5,023,570 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 2020 2021 2022 2023 2024 Year Gross Profit/(Loss) Net Profit/(Loss) 1,400,000 800,000 1,211,646 654,723 1,200,000 600,000 454,239 375,90
Slide 10: Total Assets, Capex and Shareholders' Equity
Total Assets 10,000,000 7,688,150 8,000,000 6,803,995 6,659,019 Rs. In ,000 5,654,532 5,453,012 6,000,000 4,000,000 2,000,000 0 2020 2021 2022 2023 2024 Year Capital Expenditure Shareholder’s Equity 700,000 651,694 5,000,000 4,710,337 4,339,256 600,000 3,953,412 4,000,000 3,723,848 500,000 3,262,031
Slide 11: Financial Results 2024 vs 2023
FINANCIAL RESULTS 2024 VS 2023
Slide 12: Income Statement
INCOME STATEMENT (A LL F I G A R E I N , 0 0 0 ) Sales Rs. 6,499,839 (2023: Rs. 6,847,571 ) Gross Profit / (Loss) (Rs 249,320) (3.836% of Sales) [(2023 Rs 29,208 (0.427% of Sales)] Net Profit / (Loss) (Rs. 758,435) (11.669% of Sales) [(2023 Rs. 375,905 (5.49% of Sales)] Breakup Value Rs.318.81/Share
Slide 13: Statement of Value Addition and Distribution
STATEMENT OF VALUE ADDITION AND DISTRIBUTION 2024 2023 Value Addition Rs. In ,000 % Rs. In ,000 % Sale 6,499,839 98.72% 6,847,571 88.98% Other Income 84,566 1.28% 847,868 11.02% Total 6,584,405 100.0% 7,695,439 100.0% Value Distribution Cost of Sales 6,749,160 102.50% 6,818,363 88.60% Distribution a
Slide 14: Statement of Value Addition and Its Distribution
STATEMENT OF VALUE ADDITION AND ITS DISTRIBUTION Value Distribution Value Distribution -0.42% 0.51% -9.36% 4.84% 0.11% 3.7… 0.02% 1.… 3.06% 3.44% 83.31% 87.86% 2024 2023 Cost of Sales Distribution and Admin Expenses Cost of Sales Distribution and Admin Expenses Other Operating Expenses Finance Cost
Slide 15: Balance Sheet Assets
BALANCE SHEET ASSETS Rs. 2024 T O T AL ASS E T S Rs. 7,688,150 2023 6,803,995 1,795,208 Thousands (26.38%) Property Plant and Equipment 1,911,376 Thousands (24.86%) 2,538,897 Thousands (37.31%) Investment Property/Assets held for sale 2,538,897 Thousands (33.02%) 96,236 (1.42%) Long term and Short T
Slide 16: Balance Sheet Equity and Liability
BALANCE SHEET EQUITY AND LIABILITY Rs. TOTAL LIABILITIES AND EQUITY Rs. 2024 2023 6,803,995 7,688,150 3,953,412 Thousands (58.10%) Shareholder Equity 4,710,337 Thousands (61.27%) 235,449 Thousands (3.46%) Total Long term Loans 286,442 Thousands (3.73%) 1,647,856 Thousands (24.22%) Trade Liabilities
Slide 17: Income Statement
INCOME STATEMENT 2024 2023 Rs. In ,000 Rs. In ,000 Sales – Net 6,499,839 6,847,571 Cost of sales (6,749,160) (6,818,363) Gross Profit/(Loss) (249,321) 29,208 Distribution Cost (27,406) (30,841) Administrative and other Expenses (252,738) (215,308) Other Income 84,566 847,868 Financial Cost (272,596)
Slide 18: Future Outlook
FUTURE OUTLOOK
Slide 19: Future Outlook
FUTURE OUTLOOK This year, in overall, remain a difficult Textile industry has faces several The company has completed BMR on one for textile industry primarily due to challenges especially the availability of old machines with new machine with severe demand destruction caused by bank credit, power a
Slide 20: Q&A Session
Q&A SESSION
Slide 21: Thank You
THANK YOU