Sutlej Textiles Q4 sales up 64%
The board of directors has decided to recommend dividend of Rs 2.50 per share.
Sutlej Textiles has reported net sales of Rs 318.55 crore for the quarter ended March 31, 2010, as against Rs 194.05 cr sales reported in the corresponding quarter last year, showing an increase of 64%.
The board of directors of Sutlej Textiles has decided to recommend dividend of Rs 2.50 per share. The total payment of dividend to be paid to the shareholders will be Rs 318.40 lakh, including dividend distribution tax of Rs 45.35 lakh.
Commenting on the financial results, C S Nopany, chairman, Sutlej Textiles and Industries Ltd, said, “I am happy to report that for FY 2009-10, Sutlej Textiles has been able to perform well because of various initiatives taken in the last few years. The performance of the textile sector has now improved. Domestic market spending on apparel has increased in 2009-10 as compared with 2008-09 mainly due to increase in per capita consumption. This trend is likely to continue in 2010-11 and with the improvement in the global economic scenario, our exports should also increase.”
The board of directors of Sutlej Textiles has decided to recommend dividend of Rs 2.50 per share. The total payment of dividend to be paid to the shareholders will be Rs 318.40 lakh, including dividend distribution tax of Rs 45.35 lakh.
Commenting on the financial results, C S Nopany, chairman, Sutlej Textiles and Industries Ltd, said, “I am happy to report that for FY 2009-10, Sutlej Textiles has been able to perform well because of various initiatives taken in the last few years. The performance of the textile sector has now improved. Domestic market spending on apparel has increased in 2009-10 as compared with 2008-09 mainly due to increase in per capita consumption. This trend is likely to continue in 2010-11 and with the improvement in the global economic scenario, our exports should also increase.”
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