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The Crescent Textile Mills Limited
CTM/CS/PSX/2025/
April 28, 2025
The General Manager
Pakistan Stock Exchange Limited, Stock Exchange Building,
Stock Exchange Road, Karachi.
Dear Sir,
Re: Financial Results of The Crescent Textile Mills Limited
for the 3rdQuarter and nine-month period ended March 31, 2025
I'4iIIs & Registered Office
Sargodha Road, Faisalabad, Pakistan T:+92-41-111-105-t05 F:+92-41-8786525
E:crestex@ctm.com.pk
Share Registrar
CorpTec Associates (Pvt) Limited,
503-E, 3ohar Town, Lahore, Pakistan T:+92-42-35170336-7 F:+92-R2-35170338
E:info@corptec.com.pk
We have to inform you that the Board of Directors of The Crescent Textile Mills Limited, in their meeting held on Plonday, April 28, 2025 at 12:00 noon, considered and approved the unaudited financial statements of the Company for the 3'dQuarter and nine-month period ended March 31, 2025 and recommended the following:
Cash Dividend Bonus Shares Right Shares
Any other entitlement/corporate action Any other price sensitive information
Nil Nil Nil Nil Nil
The financial results of the Company are attached as 'Annexure A'.
The 3'd Quarterly Report of the Company for the nine-month period ended March 31, 2025 will be transmitted through PUCARS separately, within the specified time.
Thanking you,
Very truly yours,
for The scent Textile Mills Limited
(Sajjad 'ssain)
Company Secretary
ANNEXURE-A | ||
THE CRESCENT TEXTILE I tILLS LIIgITED | ||
CONDENSED INTERIf't STATEF4ENT OF FINANCIAL POSITION AS AT 31 f'4ARCH 2025 | ||
Un-audited Audited | Un-audited | Audited |
31 I•Iarch 3O 3une | 3a fi4arch | 303une |
2025 2024 | 2025 | 2024 |
EQUITY AND LIAB¥LITEES SHARE CAPITAL AND RESERVES
(RUPEES IN THOUSAND)ASSETS
NON-CURRENT ASSETS
{RUPEES IN THOUSAND}
Authorized share capital
200 000 000 (30 June 2024: 200 000 000) ordinary
shares of Rupees IO each
Issued, subscribed and paid up share capital Sponsors' loans
ReservesCapital reserves
Premium on issue of right shares Fair value reserve
Surplus on revaluation of operating fixed assets - net of deferred income tax
Revenue reserves Total reserves
TOTAL EQUZT¥
MOBILITIES NON-CURRENT LIABIMTEES2,000,000
1,000,000
252,952
391,559
770,701
5,903,835
7,066,095
2,933,269
9,999,364
11,252,316
2,000,000
1,000,000
252,952
391,559
539,335
5,904,012
6,834,906
3,305,724 10,140,630
11,393,582
Property, plant and equipment Right of use Assets
Long term investment
Long term loans and advances
Long tern deposits and prepayments
CURRENT ASSETS
10,804,421
165,530
3,305,711
759
5,414 14,281,835
11,296,004
3,472,651
2,149
5,593 14,776,397
Long term financing Lease Liability
CURRENT MOBILITIES
6 1 553 94 621
|65,905 | -717,458 949,621
Stores, spare parts and loose tools Stock-in-trade
Trade debts
Loans and advances
Short term deposits and prepayments Advance income tax and levy - net
428,146
4,283,348
3,017,930
27,822
13,972
586,604
376,567
3,793,213
3,007,283
35,314
9,836
577,467
Trade and other payables Unclaimed dividend Accrued mark-up
Short term borrowings
Current portion of long term financing
TOTAL MOBILITIES
CONTINGENCIES AND COf'4MITPIENT5
TOTAL EQUITY ANDMABILITIES
3,672,431
14,102
154,635
8,073,002
450,207
12,364,377 13,081,835
24,334,150
3,313,798
14,231
340,363
7,472,718
405,129
11,546,239 12,495,860
23,889,442
Other receivables
Short term investments Cash and bank balances
Non-current assets classified as held for sale
TOTALASSEI
317,084
994,619
250,290
9,919,815
132,500
10,052,315
24,334,150
374,745
600,201
205,920
8,980,545
132,500
9,113,045
23,889,442
O'
"
The annexed notes form an integral part of these condensed interim financial statements.
CHIEF EXECUTIVE OFFICER
OIRECTOR
CHIEF NANCI L FI R "
THE CRESCENT TEXTILE MILLS LIMITED CONDENSED INTERI I STATEMENT OF PROFIT OR LOSS (Un-Audited) FOR THE NINE MONTHS ENDED 31 MARCH 2025Nine months ended | Quarter ended | ||
31 march 2025 | 31 Starch 2024 | 31 March 2025 | 31 March 2024 |
REVENUE FROM CONTRACTS WITH CUSTOMERS | 14,343,139 | 18,716,337 | 5,159,201 | 6,389,549 | |
COST OF SALES | (12,991,173) | (17,096,169) | (4,750,534) | (5,853,191) | |
GROSS PROFIT | 1,3S1,966 | 1,620,168 | 408,667 | 536,358 | |
DISTRIBUTION COST | (453,368} | (705,057} | (156,459} | (263,492) | |
ADMINISTRATIVE EXPENSES | (360,152) | (434,712) | (121,038) | (134,209) | |
OTHER EXPENSES | (725j | (63,995 | (1,950} | (37,458) | |
(820,735) | (1,203,764) | (279,447) | (435,159) | ||
531,231 | 416,404 | 129,220 | 101,199 | ||
OTHER INCOME | 185,486 | 96,314 | 68,583 | 35550 | |
PROFIT FROM OPERATIONS | 716,717 | 512,718 | 197,803 | 136,749 | |
FINANCE COST | (933,229) | (1,229,268) | (231,826) | (418,6F1) | |
LOSS BEFORE LEVY AND TAXATION | (216,512) | (716,550) | (34,023) | (281,902) | |
LEW | (177,460) | (58,736) | (s8,000) | (10,46S) | |
LOSS BEFORE TAXATION | (393,972) | (775,286) | (92,023) | (292,367) | |
TAXATION LOSS AFTER TAXATION | (393,972) | (775,286) | (92,023) | (292,367) | |
(LOSS) / EARNINGS PER SHARE - BASIC AND DILUTED (RUPEES) | (3.94) | _ | (0.92) | _ (2 92) |
The annexed notes form an integral part of these condensed interim financial statements.
CHIEF EXECUTIVE OFFICER DIRECTOR
THE CRESCENT TEXTILE MILLS LIMITED
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (Un-audited) FOR THE NENE MONTHS ENDED 31 PIARCH 2025
RESERVES | ||||||||||
CAPITAL RESERVES | REVENUE RESERVES | |||||||||
SHARE CAPITAL | SPONSORS' LOAN | Premium on issue of right shares | *air value reserve of investments at FVTOCI | Surplus on revaluation of operating fixed assets - net of deferred income | Sub total | General reserve | Unappropriated profit | Sub tctal | TOTAL | TOTAL EQUITY |
taX | ||||||||||
-------------------------------------------------------------------------------------(RUPEES IN THOUSAND)--------------------------------------------------------------------------
Balance as at 30 June 2023 - t^udited) | 1,000,000 | 391,559 | 29,456 | 5,928182 | 6,540,197 | l,803,%5 | 3,344,1R8 | 5,147,791 | 11,496,988 | 12,495,988 |
Transaction with owners - final dividend for the year ended 30 June 2023 at the rate of Rupee I per share | (100,000) | (100,000) | (100,000) | (100,000) | ||||||
Transfer from surplus on revaluation of operating fixed assets on account of incremental depreciation - net of deferred income tax | (zzi) | (221) | 221 | 221 | ||||||
Adjustment of deferred income tax liability due to re-assessment at period end | 1,041 | 1,041 | 1,041 | 1,041 | ||||||
Gain realized on disposal of equity investment at fair value through other comorehensive income | 140 | 140 | 140 | 140 |
Loss for the period
Other amprehensive Income for the period
Total comprehensive Loss for the period
Balance as at 3:I March 2024 - (Un-audited)
Transactions with owners - Sponsors'.Ians received during the period
1,000,000
252,952
391,559
429,580
429,580
(2t,t84) 408,396
(**8,*86) t775,286)
-
(77°i,286) 408,396
(77'i,286) 408,396
459,036
(21,184) 408,396 (775,286) (775,286) (366,8P0) (366,890)
5,907,818 6,758,413 1,803,643 2,469,223 4,272,866 11,031,279 12,031,279
252,952
Transfer from surplus on revaluation of operating fixed assets on account of incremental deprec'ation - net of deferred income tax
Adjustment of deferred incame tax liability due to re-assessment at period end Transfer of gain on disposal of FVTOCT investments tc unappropriated profit
(7,538)
(16)
(3,790)
(16)
(3,790)
(7,538)
16 16
7,538 7,538
(3,790) (3,790)
Loss for the period
Otfier comprehensive income for the period Total comprehensive Loss for the period
Balance as at 30 3une 2024 - (Audited)
Transaction with owners - Final dividend for the year ended 30 June 2024 at the rate of Rupee 1 per share
1,000,000
87 837
87,837
252,952 391,559 539,335
(974,696) (974,696) (974,696) (974,696)
87837 - - 67,837 87837
87,837 (974,696) (974,696) (886,8SR) (88G,859)
5,904,012 6,834,906 1,803,643 1,502,061 3,305,724 t0,140,630 11,333,582
Transfer from surplus on revaluation of operating fixed assets on account of incremental depreciation - net of deferred income tax
(177) (177)
177 177
Transfer of gain on disposal of FVTOCI investments b0 unappropriated profit
Loss after taxation for the period
(21,342)
(21,342)
21,342 21,342
(393,975) (393,975) (393,975) (393,975)
Other amprehensive income for the pei"iod Total comprehensive loss for the period
Balance as at 31 March 2025 - (Un-audited)
The annexed notes form an integral part of these condensed interim financial statements.
CHIEF EXECUTIVE OFFICER
1000,000
252 952 391,559
252 708
252,708
770,701
DIRECTOR
252 708 - - 252,708 25? 708
252,708 (393,975) (393,975) (1R1,267) (141,267)
5,903,835 7 066 095 1 803 643 1 129,626 2 933 269 9 999,36d 11 252 316
CHIE FIN FF E
THE CRESCENT TEXTILE MILLS LIMITED
CONDENSED INTERIM STATEMENT OF CASH FLOWS (Un-audited) FOR THE NINE MONTHS ENDED 31 MARCH 2025
31 March 2025 (RUPEES IN | 31 March 2024 THOUSAND) | |
Cash flows from operating activities | ||
Cash generated from operations | 931,108 | 2,F47,631 |
Finance cost paid | (1,118,957) | (1,363,513) |
Income tax and levy paid | (186,597) | (236,260) |
Dividend paid | (129) | (98,184) |
Workers' profit participation fund paid | (6,392) | (309) |
Net decrease / (increase) in long term loans and advances | 2,114 | (2,006) |
Net decrease in long term deposits and prepayments | 179 | 772 |
Net cash (used)/generated from operating activities | (378,674) | 848,131 |
Cash flows from investing activities | ||
Capital expenditure on property, plant and equipment | (53,917) | (793,588) |
Initial direct cost incurred on right-of-use asset | (18,599) | |
Proceeds from sale of property, plant and equipment | 21,538 | 30,430 |
Proceeds from non-current assets held for sale | 73,000 | |
Proceeds from sale of investments | 25,530 | 201 |
Investment Made | (5,000) | |
Profit received from deposit accounts and term deposit receipts | 21,695 | |
Net cash generated /(used) in investing activities | 9,846 | (689,957) |
Cash flows from financing activities | ||
Proceeds from long term financing | 212,078 | |
Repayment of long term financing | (289,311) | (336,943) |
Lease liabilities-net | 102,226 | |
Short term borrowings - net | 600,284 | 19,527 |
Net cash generated /(used) in financing activities | 413,199 | (105,338) |
Net increase in cash and cash equivalents | 44,371 | 52,836 |
Cash and cash equivalents at the beginning of the period | 205,920 | 181,395 |
Cash and cash equivalents at the end of the period | 250,290 | 234,231 |
The annexed notes form an integral part of these condensed interim financial statements.
CHIEFEXECUTIVEOFFICER
CHIEFFI IAL F CER