Financial Daily from THE HINDU group of publications
Thursday, Feb 10, 2005
Financial Daily from THE HINDU group of publications Thursday, Feb 10, 2005 |
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Corporate Results
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Textiles Raj Rayon net up 14% Our Bureau
MUMBAI: Raj Rayon, manufacturer of polyester texturised yarn, posted a 14-per cent rise in net profit at Rs 1.72 crore in the quarter ended December 31, 2004, from Rs 1.51 crore in the year-ago period. Net sales rose to Rs 46.81 crore (Rs 30.88 crore). The company said work was on for setting up a polyester-oriented yarn plant and it is expected to be completed by March-end.
It also said that State Bank of India had reduced the interest rate on all its term and working capital loans by 3 per cent .
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