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GHCL Expects Lift from Textiles

The rapidly growing home textiles segment of GHCL accounts for 41% of total company revenues, but what proportion it will ultimately contribute to profits is a story that will begin in 2008.

From a corporate point of view, the massive investment in home textiles made by GHCL over the past year stands to energize overall results, as the core business in chemicals shows signs of maturation and slower sales and profit growth.

Rupees-to-dollars calculated by Nov. 19 exchange rates.

GHCL Limited: Segment Particulars

Qtr. 9/30 ($ millions) 2007 2006 %change
(loss)
Sales, Total $62.1 $50.0 24.2%
Inorganic Chemicals 34.5 36.6 (5.7)
Home Textiles 25.4 12.6 101.6
Oper. Income (EBIT) 11.0 10.4 5.8
Inorganic Chemicals 8.7 9.7 (10.3)
Home Textiles 0.3 0.2 55.4
Net income (pre-tax) 7.2 9.6
Six months
Sales, Total 123.2 92.6 33.0%
Inorganic Chemicals 72.8 70.9 2.7
Home Textiles 47.6 20.4 133.3
Oper. Income (EBIT) 25.2 23.7 6.3
Inorganic Chemicals 22.4 22.7 (1.3)
Home Textiles 0.7 0.6 16.7
Net income (pre-tax) 17.7 21.6 18.0


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