Business Daily from THE HINDU group of publications
Tuesday, Jan 29, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Jan 29, 2008 ePaper | Mobile/PDA Version |
|
|
|
|
|
|
|
Corporate Results
-
Textiles Arvind Mills Q3 net rises 54% Our Bureau Mumbai, Jan. 28 Textile company Arvind Mills Ltd has posted a net profit of Rs 5.67 crore for the December quarter, up 54 per cent compared with Rs 3.69 crore of the same period the previous year, excluding extraordinary items. The extraordinary items of Rs 101 crore was a one-time income from the sale of the company’s VSF unit, during the same period the previous year. The net sales of the company were posted at around Rs 537 crore, up 19 per cent as compared to Rs 448 crore of the same quarter the previous year. “Our denim realisation and volume slipped due to downturn in both EU and US order positions, but the 40 per cent growth in sales to Rs 112 crore in the branded apparel segment cushioned the difference,” said Mr Karthik Krishnan, Chief Manager, Corporate Strategy. Gas hitchHe added that due to the expiry of natural gas supply agreement in November, the company faced a loss of Rs 7 crore as it had to buy gas at spot rates. The company introduced its large format value Megamart store in Chennai this quarter and will add one each in Hyderabad and Pune. It also plans to bring a clutch of international brands to India in the next couple of months, he said. The company’s scrip closed on Monday at Rs 51.05, down 3.86 per cent compared to the previous day’s close of Rs 53.10. More Stories on : Textiles
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|