Timex June quarter net profit surges two-fold to Rs 1.3 cr

NEW DELHI: Watchmaker Timex Group India on Wednesday said that it registered an over two-fold jump in its net profit to Rs 1.34 crore in the quarter ended June 30, 2010, over the same period of the previous fiscal.

The company had a net profit of Rs 54.4 lakh during the quarter ended June 30, 2010, Timex Group India said a filing to the Bombay Stock Exchange.

During the quarter, the company achieved net sales of Rs 49.65 crore, a 45 per cent increase from Rs 34.21 crore in the same period of the previous fiscal.