Crescent Textile Mills Reports Steady Dividend Amidst Market Challenges

Faisalabad, Crescent Textile Mills Ltd. (CRTM), a stalwart in the textile composite sector, declared a regular dividend of 10%, consistent with the previous year. With a significant turnover of 1,008,500 million rupees and a daily weighted average rate of 5.61 rupees, the company demonstrates resilience in a challenging market environment. Established in 1959 and listed on the Pakistan Stock Exchange, Crescent Textile Mills has a paid-up capital of 13.01 million rupees. The earnings per share (EPS) for January-February 2024 have been maintained at 2022/2023, indicating steady financial health and dedication to shareholder value.