Crescent Fibres Limited has released its quarterly financial report for the period ended September 30, 2026, showing a significant turnaround from the previous year.
- Reported a net profit of PKR 6.1M compared to a loss of PKR 77.9M for the same quarter last year.
- Earnings per share (EPS) improved to PKR 0.49 from a loss of PKR 6.27.
- Revenue increased by 16% to PKR 1,173.6M, up from PKR 1,011.7M in the prior year.
- Gross margin improved to 4.3% from -0.8% year-on-year.
- Operating margin also turned positive at 4.2%, compared to -3.7% in the previous quarter.
- Other operating income rose significantly to PKR 56.9M, up from PKR 18.5M, driven by gains on asset disposals.
- Financial charges decreased to 2.5% from 3.7% due to reduced long-term borrowing.
- Despite the positive results, the management cautioned about ongoing challenges in the textile sector, including high operational costs and declining exports.
- The report is un-audited and prepared in compliance with applicable accounting standards.