SPL net up 33.1 pc at Rs 15.84 cr for fy06

New Delhi, May 22 (UNI) Faridabad-based garment manufacturer and exporter, SPL Industries Ltd (SPIL) today registered a net profit of 33.1 per cent at Rs 15.84 crore for the year ended March 31, 2006, as against Rs 11.90 crore last year.

The company's turnover was up by 48.2 per cent at Rs 253 crore as against Rs 171 crore in the last fiscal.

''The company has achieved its expansion plans and production targets well in time. In the fourth quarter the company produced 12.5 lakh units of garment pieces a month as against installed capacity of 11 lakh units per month,'' SPIL Managing Director Vijay Jindal said.

In view of the huge demand in change in tradition towards knitted garments in US markets, the company is further expanding its capacity to 15-16 lakh peices per month, he added.

UNI CS ARB BST1822