Colony Textile Mills Limited informed Pakistan Stock Exchange that in order to comply with the directives of Punjab Government, regarding outbreak of COVID-19, the Company has suspended its production till April 6, 2020 or a such further notice by the Government. The Company fully supports the efforts of the Government to contain the spread of this epidemic and stand with the Nation in this difficult time.

The announcement is available at:

https://dps.psx.com.pk/download/image/145157-1.gif

Colony Mills Limited (CML) was established as a textile manufacturing unit on September 21, 2005 and absorbed "Colony Textile Mills Limited" in 2006. Colony Textile Mills Limited was the principal company established as a textile manufacturing unit in 1946. CML's expertise, primarily, lies in production, manufacturing and sale of different types of yarns of various counts. The company has a healthy portfolio of income generating assets that crossed total revenues over 13 Billion rupees for the year ended June 30, 2011.

The symbol "CTM" is being used by the stock exchanges for the Colony Textile Mills Limited.

© Pakistan Press International, source Asianet-Pakistan