CCML
CRESCENT COTION MILLS LIMITED
(Formerly Crescent Sugar MJlls & Distillery Ltd.)
Nishatabad, f'aisalahad - Pakistan,
Tel: 041-87.52111-14
Fax : 041-8750366E-mailinfo01.crescenlcotton.com
CCML/CS/PSE/ 51
September 30, 2022
The General Manager,
The Pakistan Stock Exchange limited,
Stock Exchange Building,
Stock Exchange Road
Off: I.I. Chundrigar Road,
Karachi.
Dear Sir,
Re: | Financial Results For The Year Ended June JO, 2022 |
We have to inform you that the Board of Directors of Crescent Cotton Mills Limited in their Meeting held today at 11:30 a.m. at Faisalabad have recommended the following:
(i) | Cash Dividend | |||||||||
Final Cash Dividend for the period ended June 30, 2022 at Rs. 0.75/- per | ||||||||||
share i.e 7.5 %. | ||||||||||
(ii) | Bonus Shares | |||||||||
It has been recommended by the Board of Directors to issue final Bonus | ||||||||||
shares in proportion of | Nil shares(s) for every | Nil | shares share{s) held i.e | |||||||
Nil% | ||||||||||
(iii) | Right Shares | · | ||||||||
The Board has recommended to issue | % shares at par/at a discount/ | |||||||||
proportion of | Share(s) being declared | |||||||||
premium of Rs. | per share in | Nil | ||||||||
simultaneously | will be /will not be applicable on Bonus shares as declared | |||||||||
Nil | Nil |
above.
The financial results of the Company are attached
Annual General meeting of the Company will be held on Friday October 28, 2022 at Registered Office of the Company New Lahore Road, Nishatabad, Faisalabad at 9.30 A.M. Toe shares transfer books of the Company will remain closed from October 21, 2022 to October 28, 2022 (both days inclusive). Transfers received at the Share registrar office Vision Consulting Limited, 3-C, LOA Flats, Lawrence Road, Lahore at the close of business on October 20, 2022 will be treated in time for the purpose of issue of dividend and entitlement to attend the Annual General Meeting.
Annual Financial Statements for the year ended June 30, 2022 will be transmitted through PUCAR with in stipulated Period.
Thanking you, | |||||||||||||
Yours faithfully, | on Mills Limited | ||||||||||||
for Cresc | nt | ||||||||||||
)f(sami � | Ch.) | ||||||||||||
V | � | om | y·Secretary | ||||||||||
Copy� | information to: | ||||||||||||
(1) | t | 2). | The Joint Registrar | ||||||||||
Securitiesirector | & Exchange | ( | Companies Registration Office, | ||||||||||
Commission of Pakistan | Faisalabad Chamber Of Commerce | ||||||||||||
Supervision and Enforcement Department | and Industries Bldg, | ||||||||||||
NIC Building, 63 Jinnah Avenue, Blue Area, | 2nd Floor, East Canal Road, | ||||||||||||
Islamabad, | Faisalabad | ||||||||||||
CRESCENT COTTON MILLS LIMITED
STATEMENT OF PROFIT OR LOSS
FOR THE YEAR ENDED 30 JUNE 2022
NOTE | 2022 | 2021 | |
(RUPEES IN THOUSAND) | |||
REVENUE FROM CONTRACTS WITH CUSTOMERS | 7,115,273 | 5,405,943 | |
COST OF SALES | (6,388,941) | (4,680,320) | |
GROSS PROFIT | |||
726,332 | 725,623 | ||
DISTRIBUTION COST | (129,579) | (74,235) | |
ADMINISTRATIVE EXPENSES | (198,570) | (199,319) | |
OTHER EXPENSES | (36,380) | (40,423) | |
OTHER INCOME | 69,809 | 73,470 | |
FINANCE COST | (99,133) | (86,958) | |
PROFIT BEFORE TAXATION | |||
332,479 | 398,158 | ||
TAXATION | (83,475) | (76,574) | |
PROFIT AFTER TAXATION | |||
249,004 | 321,584 | ||
EARNINGS PER SHARE - BASIC | |||
AND DILUTED (RUPEES) | 10.99 | 14.19 | |