Financial Daily from THE HINDU group of publications
Wednesday, Jun 22, 2005
Financial Daily from THE HINDU group of publications Wednesday, Jun 22, 2005 |
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Corporate Results
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Gems & Jewellery Gokaldas PAT at Rs 42 cr Our Bureau
BANGALORE: Gokaldas Exports Ltd, the apparel exporter, has recorded revenues of Rs 724.04 crore for the fiscal ended March 2005. Profit after tax stood at Rs 42.05 crore. The company's profit after deferred tax is Rs 39.79 crore. Mr Rajendra Hinduja, Executive Director, said: "The year gone by saw Gokaldas make steady progress. We are in the process of acquiring new customers and penetrating markets. With the quota regime now becoming history, the future holds immense potential which we are ready to exploit." He also said that the group restructuring, whereby all textile entities of the Gokaldas Exports group were brought together under one entity, was successfully completed. The process involved the conversion of partnership firms into companies, merger of entities, and bringing in of manufacturing units as subsidiaries of Gokaldas Exports.
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