Free press releases distribution network?

Agency / Source: YnFx.com

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Nakoda Textile Industries Ltd Yearly Net Profit Zooms 63 Per Cent - Announces a five per cent interim dividend to shareholders - New plant commissioned in November running to full capacity
Nakoda Textile Industries Ltd Yearly Net Profit Zooms 63 Per Cent

 

PRZOOM - /newswire/ - Mumbai, Maharashtra, India, 2008/01/24 - Announces a five per cent interim dividend to shareholders - New plant commissioned in November running to full capacity.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Apparel/Garment/Fashion Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Nakoda Textile Industries, one of India’s largest players in the fully drawn yarn segment, announced their quarterly and annual results today.

For the quarter ended December 2007, the company posted a top line of Rs 160.57 crores as against Rs. 90.94 crores last year, a growth of 77 per cent, year on year. Profit after tax for the quarter grew 63 per cent year on year to touch Rs 2.86 crores.

For the year ended December 2007, sales grew 63 per cent to touch Rs. 580 crores. Net profit stood at Rs.9.77 crores, an increase of 59 per cent over the previous year. Nakoda announced an interim dividend of 5 per cent.

The company’s fully drawn yarn (FDY) plant with capacity of 19500 MTPA was commissioned in November is fully operational. The company spent Rs 27 crores for the capex. Out of this, Rs 9 crores came from internal accruals and Rs 18 crores through debt, raised from a consortium of bankers.

Commenting on the performance, Mr. B.G. Jain, CMD, Nakoda Textile Industries said “This has been our best performance till date. We are happy to announce that our new plant has been commissioned fully and is clocking a capacity utilisation of 98 per cent. Such exemplary performance would not have been possible without the untiring efforts of our people.”

During the last year, Nakoda picked up an 18.5 per cent stake in the textile park near Surat. The GOI has sanctioned 30 such parks. The Surat Textile Park has been sanctioned a grant of Rs. 40 crore out of which Rs 12 crore has already been received. The entrepreneurs at the park have signed a contract with Nakoda and will consume yarn supplied by the company.

About Nakoda Textile Industries Ltd

Nakoda Textile Industries Ltd was incorporated in 1984 by Mr. Babulal Jain. The company is in the business of manufacturing partially oriented yarn (POY) and fully drawn yarn. They recently commissioned a fully drawn yarn plant of capacity 19500 MTPA.

About YnFx

YnFx (YnFx.com) is an online Market Intelligence and Market Development portal for the Yarns and Fibers industry. YnFx provides in-depth reports and statistics on the global Textile Industry including Market Intelligence Reports, Price Trend Analyses and a dynamic trading zone for producers, traders of yarns and fibers globally. YnFx focuses on using online and offline mechanism to bring people closer and deliver maximum value to members. YnFx understands your business needs and builds an environment for textile professionals to conduct business. YnFx.com provides users with highly targeted, easy-to-use interface, utilizing advanced Internet technology.

For more information please contact:
S.K. Bhoan, Nakoda Textile Industries Limited
T: 09867247589
Raghavendra Rao, Adfactors PR
T: 09224264327

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Apparel/Garment/Fashion Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: YnFx.com

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
Apparel Garment Fashion - PURCHASE industry keywords tags Apparel Garment Fashion / Banner Ads! on HotCover.com!.

 
  Your Banner Ad showing on ALL
Apparel/Garment/Fashion articles,
CATCH Visitors via Your Competitors Announcements!


Nakoda Textile Industries Ltd Yearly Net Profit Zooms 63 Per Cent

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Mini Nair 
+91 22 66291120 mini[.]YnFx.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any YnFx.com securities in any jurisdiction including any other companies listed or named in this release.

Apparel/Garment/Fashion via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From YnFx.com / Company Profile


Read Apparel/Garment/Fashion Most Recent Related Press Releases:

2C Light Co. Ltd and TK Corp Sign MoU for Exclusive Supply of Electricity Generating Solar Fabric
APART Introduces Luxury Fashion Brands At Dubai Exhibition
GARTEX - Complete Garment Manufacturing Solutions Show to Debut on August 27 in Pragati Maidan, New Delhi
UK Shapewear Distributor, CurvesLine, Now Official Distributors of Ann Chery
Sahiba Ltd Launches New Online Indian Clothing Store - eSahiba.com
Clark Alvarado State Farm Insurance Agency Announced as Official MMIFW Sponsor
Buckle Reaches Settlement and License Agreement with RevoLaze on Laser Abrasion Denim Technology
Best Organic Baby Clothes Selected by Two Birdees
International Fashion Model Seriya Expands Brand
Fashion Adore and Daniel Wellington Announce New Partnership

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  Triggr & Bloom

Visit  La Bella Bakery Artisan Bakery Arizona

Visit  JobsWare.com







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today