Home / Knowledge / News / Textiles / GSI Creos Corp posts 24% rise in H1 sales
GSI Creos Corp posts 24% rise in H1 sales
Jan '14
Driven by robust performance from its fiber-related business, Japanese textile company GSI Creos Corporation witnessed a strong rise in sales revenue in the first half of FY 2013-14.
The company, which is primarily engaged in the textile-related business, reported a 24 per cent rise in consolidated net sales at 76,212 million yen in the first six months of the FY 2013-14 from 61,453 million yen in the same period a year ago.
Sales from the company’s main business segment, the fiber-related business rose by 26.2 per cent to 63,226 million yen in the six months ended 30 September 2013 from the same period a year ago.
While trading volume of raw yarn increased significantly the company witnessed strong overseas sales of fabric from Asia, Europe and the US helped by a weaker yen.
The company’s fabric-related business witnessed a profit of 825 million yen in the six months ended 30 September 2013, up by nearly 45 per cent from the same period a year ago.
Apart from export, import and domestic transactions of textile products, the company’s textile segment is also engaged in the design, manufacture and sale of women's inner fabrics, sale of yarn for stockings and socks, the manufacture and sale of children's socks and apparel and the manufacture of crepe underwear.
However, a weaker yen raised production costs by making imports more expensive, weighing on the company’s overall profitability in H1 FY 2013-14.
GSI Creos Corporation witnessed a nearly 24 per cent dip in consolidated net profit at 470 million yen in the six months ended 30 September 2013 from the same period a year ago.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Oct 2016

Teijin Frontier develops Solotex RC lightweight fibre

Teijin Frontier Co. Ltd, fibre products converting company and part...

Tosha Hays addressing the conference. Courtesy: College of Family and Consumer Sciences, UGA

Textiles | On 27th Oct 2016

Industry experts discuss future of fabrics at UGA

Industry experts, researchers and military officials discussed the...

Textiles | On 27th Oct 2016

Fischer Konzept installs sixth Zünd digital cutter

Fischer Konzept, German developers of individual packaging solutions...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search