Sundram Fastener Sales Up
June 19
00:00
2006
Sundram Fastener Sales Up
Jason Sandefur
Despite a strong fourth quarter performance, India-based Sundram Fasteners reported net profit for fiscal 2006 dropped 10% to Rs 622 million (US$13.59 million), while sales rose 14% to Rs 10.6 billion (US$231.6 million). Full-year export sales grew 24% to Rs 3.2 billion.
Sales during the fiscal fourth quarter increased 14% to Rs 2.8 billion, while profit improved 4.6% to Rs 191.6 million. Web: sundram.com �2006 FastenerNews.com
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