Net profits drop by 26% for Shrenuj & Co

In the three months ending June 30, 2009, sales dipped by 20 percent for Shrenuj & Co and amounted to $31.6 million. Net profits decreased by 26 percent to $681,507 (INR 32.5 million) at the end of the said tenure, reports say.

In the backdrop of the economic slowdown the company did achieve reducing its expenses by 24 percent to $27.1 million (INR 1.3 billion).