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 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Textiles | On 30th Mar 2017

Lok Sabha approves 4 supplementary GST legislations

The Lok Sabha has approved four supplementary Goods and Services Tax...

Courtesy: ShopKeep

Information Technology | On 30th Mar 2017

Shopkeep partners with software provider BigCommerce

ShopKeep, the cloud-based technology solution that transforms an iPad ...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Lynda Kelly
Suominen Corporation

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

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Rupa Sood and Sharan Apparao

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

March 2017

March 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search