Usha International FYO7 net up 38%

New Delhi, May 28 (UNI) Usha International today posted a net profit of 38 per cent to Rs 14.28 crore for the financial year ended March 2007, as against Rs 10.37 crore previous year.

The total turnover of the company grew by 22 per cent to Rs 661 crore for this financial year against Rs 541 crore last year, a statement said.

As per the company's consolidated financial results and its subsidiaries, the net profits increased to Rs 18.29 crore this year from Rs 13.68 crore last year, it added.

During this period, growths were registered across all product groups of the company.

Usha International manufactures fans, sewing machines, home appliances, agricultural and domestic engines, motors and pumps, water coolers, air conditioners, generators, inverters and auto components.

UNI