Home / Knowledge / News / Textiles / Aarvee Denims Q3 net profit declines significantly
Aarvee Denims Q3 net profit declines significantly
17
Feb '12
There has been a significant decline of 57.42 percent in the net profit posted by Ahmedabad-based Aarvee Denims & Exports Ltd for the quarter ended December 31, 2011.

The company registered net profit of Rs. 36.64 million during October-December period, as against its net profit of Rs. 86.04 million during the corresponding quarter of 2010.

However, there was a rise in the company's total income, which increased from Rs. 1.224 billion during the third quarter of 2010-11 to Rs. 1.590 billion during the Q3 of 2011-12, showing a growth of 29.87 percent.

During the first three quarters of the current fiscal, the company recorded a net profit of Rs. 108.10 million, down 60.56 percent from Rs. 274.09 million of net profit achieved during the initial nine months of fiscal 2010-11.

The overall income of the firm during the first nine months of fiscal 2011-12 rose to Rs. 4.727 billion, up 35.71 percent from total income of Rs. 3.483 billion recorded during April-December 2010.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: European Commission/European Union

Textiles | On 26th May 2018

EU set to negotiate FTAs with Australia & New Zealand

The European Union is all set to begin negotiations for free trade...

US bans import of cotton goods from Turkmenistan

Textiles | On 26th May 2018

US bans import of cotton goods from Turkmenistan

The US Customs and Border Protection (CBP) has issued a Withhold...

FPCCI prepares report on Pakistan's export issues

Textiles | On 26th May 2018

FPCCI prepares report on Pakistan's export issues

Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search