Brushman FY07 net up over 600% at Rs 4.30 cr

NEW DELHI: Paintbrush manufacturer Brushman (India) Ltd on Wednesday reported a whopping 630.15 per cent increase in its net profit for the year ended March 31 at Rs 4.39 crore as against Rs 60 lakh in the previous fiscal.

The company's turnover in the fiscal under review grew 99.86 per cent at Rs 51.39 crore compared to Rs 25.71 crore last year, Brushman said in a statement.

"Our flagship business of paintbrushes is providing us healthy returns and we have also announced the setting up of a new manufacturing facility in Uttrakhand to enhance the business," Brushman Ltd Managing Director Kapil Kumar said in the statement.