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NEW DELHI: Indo Asian Fusegear Ltd on Wednesday announced a 20 per cent growth in sales at Rs 32.22 crore on a three-fold growth in net profit at Rs 3.30 crore for the third quarter ended December 31, 2004.

For nine months ended December 31, the company posted a 52 per cent growth in sales at Rs 91.72 crore over an eight-fold growth in net profit at Rs 9.01 crore.

Said Mr V. P. Mahendru, Chairman and Managing Director, "The sustained profitable growth is a testimony to the success of initiatives Indo Asian has embarked upon to optimise operational efficiencies and reduce costs. The steady increase in sales and aggressive expansion in international markets has also paid rich dividends."

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