ADEL

Aarvee Denims' net profit rises by 890%

Aarvee Denims' net profit rises by 890%

Aarvee Denims & Exports Limited (ADEL) has declared its fourth quarter financial results for the fiscal year 2009-10 and it has managed to post an impressive almost nine-fold rise in net profit figure.

The company has posted a consolidated net profit of Rs 22.97 crore for the quarter that ended in 31st March, 2010.

The consolidated net profit was reported to be Rs 2.32 crore for the same quarter in the financial year 2008-09. This net profit figure has grown up by 890% in this quarter as compared to the same quarter in the last fiscal.