Home / Knowledge / News / Textiles / Nakoda witnesses 23% rise in revenue
Nakoda witnesses 23% rise in revenue
09
Aug '10
For the quarter ending June 30, 2010, Nakoda Limited one of the biggest producers of fully drawn yarn, witnessed a strong rise in its revenue.

Nakoda recorded a rise in revenue by an exorbitant 23 percent to Rs 3.09 billion from Rs 2.51 billion, during the corresponding period last fiscal. The profit after tax for the quarter ending June 30, 2010, stood at Rs 77.6 million, leading to a hike of 39 percent, as compared to Rs 55.8 million in the same period last year.

Earnings for half year ending on June 30, 2010, also went up by 23 percent to Rs 6.02 billion from Rs 4.88 billion during the same period, last fiscal. Total profits during the half year rose considerably by 60 percent from Rs 96.6 million during the same period, last fiscal, to Rs 151.6 million.

Proceeds from the manufacturing sector too, increased by 26 percent to Rs 1.34 billion from Rs 1.06 billion, for the quarter under consideration. Within the trading sector, sales touched Rs 1.75 billion from Rs 1.45 billion, a rise of 21 percent.

As per BG Jain, Chairman and Managing Director, Nakoda Limited, the firm has once again attained excellent results. Currently, with the implementation of Phase-I of the firm's expansion plans and also with Nakoda's entry in to newer markets via the take over of the recent polyester plant in South Korea, through its subsidiary Indo Korean Petrochem Ltd, Jain and his firm are looking forward to non-stop and maintained growth in the future.

Fibre2Fashion News Desk - India


Must ReadView All

Courtesy: Bangladesh Bank

Apparel/Garments | On 22nd May 2018

Bangladesh Bank enhances EDF loan limit to $25 million

Bangladesh Bank has enhanced the loan limit under Export Development...

Sri Lanka's textile imports up 32.5% in February 2018

Textiles | On 22nd May 2018

Sri Lanka's textile imports up 32.5% in February 2018

In what might be an indication of higher exports in the coming...

Provide power at Rs 8/kWh to textile units: APTMA

Textiles | On 22nd May 2018

Provide power at Rs 8/kWh to textile units: APTMA

All Pakistan Textile Mills Association (APTMA) has asked the...

Interviews View All

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Top executives
Textile industry

GST has levelled the playing field to an extent

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Silke Brand-Kirsch
Schlegel und Partner

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

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...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Nisha Chanda
Whistling Woods International School of Fashion

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

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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