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KG Denim's net profit skyrockets in FY12
13 Jun '12
1 min read
KG Denim, the Coimbatore, India-based premier denim and apparel fabric manufacturer, catering to leading fashion brands and etailers worldwide, has posted a net profit of Rs. 74.8 million during last financial year that ended on March 31, 2012.
The firms net profit grew by 96.33 percent in 2011-12 over its net profit of Rs. 38.1 million registered in 2010-11.
Total earnings of the company rose by 15.29 percent year-on-year from Rs. 3.74 billion in 2010-11 to Rs. 4.31 billion last fiscal.
For the last quarter of 2011-12, KG Denim’s net revenue jumped by 13.65 percent year-on-year to Rs. 1.02 billion from Rs. 904.8 million achieved during the corresponding quarter of previous fiscal.
Fibre2fashion News Desk - India
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