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Priyadarshini Spinning net up 44 p.c.

HYDERABAD: Priyadarshini Spinning Mills announced that the profit after tax went up by 44 per cent in 2005-06. Harish Cherukuri, Managing Director, said in a release that net revenues were up 3.67 per cent at Rs. 144.40 crore. The company invested Rs. 40 crore during 2005-06 for expansion and modernisation of spinning mills, receiving Oeko-Tex Standard 100 certification and setting up of a Rs. 25 crore garment manufacturing unit.

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