Trident terry sales boom, operating profit down
October 24, 2007-- Home Textiles Today,
New Delhi, India – Though profits were squeezed by currency valuations, terry towel sales at Abhishek Industries/Trident climbed smartly during the second quarter, up 46% to 1.7 billion rupees, or $43 million.
For the period ended Sept. 30, operating profit on towels fell 9.7% to 141 million rupees, or approximately $3.6 million.
Operating profit gained, however, during the first six months of the year, climbing 4.5% to 266 million rupees, or $6.7 million. Sales jumped 30.4% to 3.08 billion rupees, or $77.8 million.
During the quarter, Abishek received the 2006 Supplier of the Year award from JCPenney as well as the Award for Customer Excellence 2007 by software provider SAP.
Related Content By Author
Countdown to Heimtextil 2016