Pearl Global posts net profit increase of 88% to Rs 6.43 Cr

New Delhi, Jun 29 (UNI) Pearl Global, a garment export company posted a net profit increase of 88 per cent to Rs 6.43 crore for the year as against Rs 3.41 crore in the previous financial year.

During the fourth quarter of the fiscal the net profit rose to 7.2 per cent of sales at Rs 3.84 crore and the revenue recorded was Rs 55.28 crore.

Pearl global ltd, an indian subsidiary and a manufacturing arm of House of Pearl Fashions, has posted an impressive growth for the financial year 2005-06. The company has reported 31.9 per cent growth in net revenue of Rs 159.5 crore as against Rs 120.9 crore in the previous financial year.

''The impressive results are primarily due to the fact that we have been successful in leveraging group synergies'' said Pearl Global Ltd Chairman Deepak Seth.

Pearl Global has invested Rs 29 crore in the last fiscal to further augment its production capacities at its existing manufacturing facilities at Gurgaon and setting up a new factory in MPEZ Chennai.

Pearl Global Ltd a subsidiary of the House of Pearl Fashions is a leading garment export company based at Gurgaon.

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