Home / Knowledge / News / Textiles / Losses in textile division of Century grows
Losses in textile division of Century grows
04
Nov '08
Century Textiles and Industries recently released its results for the period June-Sept 2008-09. The company has seen a fall of 57% in profits from that in the same quarter of the last fiscal.

Sales though have grown by 11 percent to reach Rs 8540 million from Rs 7894 million, profits have shrunk to just Rs 285.5 million in the same period from Rs 663.7 million in the period under comparison.

Expenditure on raw material grew by 25% to Rs 2120 million while the company also posted an exceptional profit of Rs 330 million from sales of assets of its Mumbai mill.

The textile division has reported growth of a nominal 4% in growing from Rs 1666.1 million in the previous quarter to Rs 1747.9 million in the quarter under consideration while losses after depreciation but before interest and exceptional items has risen from Rs 66.6 million to Rs 283.7 million.

Click here to view detailed results.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Shopper Stop

Apparel/Garments | On 30th Mar 2017

Contactless payments at Shoppers Stop

India's leading fashion retailer Shoppers Stop has entered into a...

Textiles | On 30th Mar 2017

Cotton target price kept unchanged in Xinjiang

China’s National Development and Reform Commission (NDRC) has kept...

Apparel/Garments | On 30th Mar 2017

FY17 net sales grow 1.8% at G-III Apparel Group

For the fiscal ended January 31, 2017, net sales at apparel marketer...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marcel Alberts
Eurofibers

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Sonam & Paras Modi
SVA

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


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