Nitin Spinners' PAT vaults 105 pc in FY 06

Mumbai, May 4: Leading textile manufacturer, Nitin Spinners Limited, has clocked a 105 per cent vault in its net profit in FY 06 at Rs 5.59-crore as against Rs 2.72-crore in FY 05 while its net sales shot up 21 per cent at Rs 98.17-crore as against Rs 80.86 crore in FY 05, stated a press release issued here today.

Export turnover also jumped 22.91 per cent at Rs 68.53 crore in FY 06 as against Rs 55.75 crore in FY 05.

A 100 per cent EOU, Nitin Spinners exports its products to more than 15 ountries with major exports to EU nations, the USA, UK, Russia, Israel, Mauritius and the USSR, stated the release.

UNI