Page Industries posts 49 pc jump in net profit

Mumbai, May 9 (UNI) Page Industries has posted a 49 per cent jump in net profit at Rs 17.02 crore for the year ended March 31, 2007 as compared to the net profit of Rs 11.3 crore posted last fiscal.

The net sales from operations during the year shot up to Rs 13.59 crore as compared to Rs 10.11 crore posted last fiscal. Basic and diluted earning per share (EPS) base on the year end equity stood at Rs 15.27.

Company CMD Sunder Genomal said, ''The premium inner-wear market is posting double digit growth and we intend to increase our market share to around 30 per cent. Over the next year, we expect our topline to grow at a CAGR of 35 per cent.'' ''Our existing business will grow due to the retail revolution, growing consumer sophistication, higher disposable income and urbanisation,'' Mr Genomal said, adding that the Company will also benefit from export opportunities emerging from Jockey International USA and Europe.

UNI