Refex Refrigerants Q3 revenue stands at Rs 22.98 cr

New Delhi, Jan 7 (UNI) Refex Refrigerants Ltd, a Chennai-based refrigerants management solutions provider, today said its revenue in the third quarter stood at Rs 22.98 cr, up more than 56 per cent from Rs 14.73 crore during the same period a year ago.

The company said in a statement that its net profit has increased to Rs 3.02 crore during Q3FY07-08 against Rs 2.05 crore during the corresponding period last fiscal, registering a growth of more than 47 per cent.

''With our new refilling plant in Thiruporur going to be operational in this quarter and the air-conditioning market growing at a faster pace, we are sure to make huge profits in the forthcoming quarters,'' company Managing Director Anil Jain said.

He said the company expects revenue to be 25 crore during the fourth quarter the current financial year 2007-08, while the annual revenue to be at 85 crore.

The company which is mulling to get listed on National Stock Exchange is targetting to increase its refilling capacity from the current 480 MT to 3,000 MT per annum and the total headcount by end of full year 2007-08 is expected to exceed 100, the statement added.

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