Financial Daily from THE HINDU group of publications
Wednesday, May 31, 2006
Financial Daily from THE HINDU group of publications Wednesday, May 31, 2006 |
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Corporate Results
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Gems & Jewellery Rajesh Exports turnover up 29% Our Bureau
Bangalore , May 30 The turnover of Rajesh Exports Ltdfor the financial year 2005-06 has touched Rs 5,483.6 crore, a growth of 29.11 per cent. The company declared a dividend of Rs 2 on a share with face value of Rs 2. Rajesh Exports recorded a growth of 54. 45 per cent in its profit after tax for the year at Rs 66.54 crore (Rs 43.05 crore). Mr Rajesh Mehta, Chairman of the company attributed the company's performance to its consistent growth, which on year-on-year was at 29.11 per cent. Also increase in exports contributed to higher revenues while cost control through its fully integrated facility from manufacturing to marketing improved profit margins, he said. Rajesh Exports, during the year, acquired the retail network of Oyzterbay Pvt. Ltd, to enter the segment and to launch its products through refurbished showrooms.
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