Home / Knowledge / News / Textiles / Increase in denim fabric turnover, HELLENIC FABRICS
Increase in denim fabric turnover, HELLENIC FABRICS
Sep '10
The Group of HELLENIC FABRICS S.A. attained a reduction in loss before taxes by 17.7% during the first half-year period of 2010.

The group's turnover showed a decrease by 12.25% and amounted to € 28.95 mln against € 32.99 mln in previous year's corresponding period, mainly attributed to the drop of raw cotton sales during the second quarter of 2010.

In contrary, the parent company's turnover increased by 0.8% and amounted to € 23.42 mln against € 23.23 mln in the same period of 2009. Especially the denim fabric turnover showed an increase by 14.9% against the corresponding period of 2009.

The group's financial results before taxes amounted € –5.63 mln against € –6.84 mln during the first half-year of 2009, while the parent company's financial results before taxes to € –5.21 mln against € –5.88 mln in the same period of 2009.

The group's gross margin amounted to € 0.80 mln against € 1,37 mln in previous year's corresponding period, mainly affected by the steep rise of global cotton price, which has negatively influenced the production cost, mainly during the second quarter of 2010, as well as the increased fuel cost and personnel's retirement severance pay.

Despite the reduction of group's gross margin, EBITDA was improved and amounted to € -1.69 mln against € -2.61 mln in previous year's corresponding period.

The Group's management continues to apply all necessary measures aiming at production cost reduction and capital release in order to secure adequate liquidity.


Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

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

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Lynda Kelly
Suominen Corporation

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

December 2016

December 2016

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


Browse Our Archives


Advanced Search