Net profits drop by 26% for Shrenuj & Co

Expenses dip by 24%
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).


Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet

logo
Diamond World
www.diamondworld.net