Sundram Sales Jump
July 05
00:00
2005
Sundram Sales Jump
Jason Sandefur
India-based Sundram Fasteners reported sales rose 35% to Rs 9.29 million (US$21.3 million) for fiscal 2005.
Sales for the fourth quarter of fiscal 2005 dipped 16% to Rs 2.45 million. Net profit for the period increased 1% to Rs 183,000.
Sundram said both domestic sales and exports during Q4 were down. Domestic sales slid 15.5% to Rs 1.72 million, while exports declined 17% to Rs 731,200. Web: sundram.com �2005 FastenerNews.com
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