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Supreme Yarns announces dividend

Jun '07
Supreme Yarns Limited (SYL) has announced a dividend of 10% for the year 2006-07, which is second in a row. Net profit after tax has been increased by 41% and the EPS has been increased from 1.3 to 1.85. Company has been able to increase its profits by changing its product-mix and by reducing its operational cost. SYL at present is listed on BSE and NSE.

SYL is in process of implementation of its Rs.237 crore project for integrated Garment unit with capacity of 30000 pcs. per day, spinning capacity with 30000 spindles and dyeing capacity of 17.5 MT per day. The value addition in the products of the proposed project is very high.

These projects will also be eligible for the benefits of TUFS. It is expected that partial production in the garment unit will commence by August, 2007. In the finished garment business, the company will manufacture T-shirts to start with. Company is in talk with major global brands such as JC Penney and GAP for selling its finished products.

“The financial scene of the company will be altogether different in terms of sale and PAT. This will be possible because of our integrated garment unit which has very high value addition” said Mr. Sanjay Gupta – Managing Director. He further said that company will be launching its own brand very soon for knitted garments.

Supreme Yarns Limited

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