Super Spinning Mills Soles Rise to Rs 238.37 Crore in 2006-07 from Rs 184.5 Crore in 2005-06 but Net Profit Lower at Rs 14.27 Crore (Rs 22.38 Crore) Garment Sector Identified as Thrust Area

摘要

Sales of manufactured goods registered a growth of 14%. Due to more remunerative yarn prices domestic sales grew from Rs. 1 8449 lakhs to Rs. 23837 lakhs recording a growth of 29% compared to the previous year. As a result there was a slight drop in export sales of yarn during the year under review. Despite the increase it turnover of the company, the profit before tax has declined significantly to Rs 2224 lakhs compared to the previous year. The increase in cotton prices coupled with a sharp increase in the interest rates and the additional depreciation on account of modernizationew projects had an adverse impact on the profits of the company.