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Follow on Google News | Evinix Accessories Limited Q2 FY08 net profit jumps 249 percent at Rs. 5.36 croreEvinix Accessories Limited Q2 FY08 net profit jumps 249 percent at Rs. 5.36 crore Turnover at Rs 32.22 crore up by 102.32%
Even more impressive is the growth achieved by the company over April – June, 2007 quarter, where sales increased by over 50% and net profit shot up by more than 100%. Meanwhile, the company has reported a 155.74 per cent jump in consolidated net profit at Rs 8.04 crore for the six months ended September 30, 2007 as compared to Rs 3.14 crore in the corresponding quarter previous year. Total consolidated income rose to 76.57 per cent at Rs 53.47 crore as against Rs 30.25.crore during the same period previous year. Mr. Raujeev Taneja, Managing Director, Evinix Accessories Ltd. said, “While the company’s financial results reflect strong returns on invested capital, our dedication manifests itself in our products. Going forward, the company is in the process of rolling out its next phase of expansion plans. Evinix has been moving into the world of fashion & lifestyle product supplier at a fast pace in the last three years. Today it is known for its design, technical acumen, quality products and deliveries. The company holds licenses from Gini & Jony and Disney for production and sale of their products in the domestic market. The company is also actively negotiating several other licenses with renowned brands overseas for production and sale under their brands in the domestic market in various formats. About Evinix Accessories Ltd (BSE- 532818; NSE- EVINIX) Evinix Accessories (EVINIX) is in the business of designing and manufacturing fashion accessories and garments for exports as well as domestic markets. Incorporated on May 1, 1996 as a private limited company, it was converted to a public limited company on Feb. 3, 2006.The company offers products in two categories, namely, fashion accessories comprising of caps, hats, sports bags, ladies fashion bags, leather belts, fashion belts, scarves and shawls,. and apparels include kidswear like trousers and tops and women`s wear like tops and dresses and sleep wear. The company also undertakes bulk trading of processed and greig fabric. The major buyer of products in the domestic markets includes Adidas India Marketing, Arvind Brands, V & S International, Haryana, Puma and others. While retaining its earlier customers, company has added new European customers with Euro & British pound contracts. These famous names include Almunia Textil Spain, El Corte Ingles Spain & George UK About YnFx.com YnFx is an online Market Intelligence and Market Development portal for the Yarns and Fibers industry. YnFx provides in-depth reports and statistics on the global Textile Industry including Market Intelligence Reports, Price Trend Analyses and a dynamic trading zone for producers, traders of yarns and fibers globally. YnFx focuses on using online and offline mechanism to bring people closer and deliver maximum value to members. YnFx understands your business needs and builds an environment for textile professionals to conduct business. YnFx.com provides users with highly targeted, easy-to-use interface, utilizing advanced Internet technology. For more information please call – Mini Nair at 91 (22) 66291120 or visit us at www.YarnsandFibers.com # # # YnFx is an online Market Intelligence and Market Development portal for the Yarns and Fibers industry. YnFx provides in-depth reports and statistics on the global Textile Industry including Market Intelligence Reports, Price Trend Analyses and a dynamic trading zone for producers, traders of yarns and fibers globally Website: www.YarnsandFibers.com End
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