Eastern Silk Q3 net sales up 67.7%%

Kolkata, Feb 11 (Calcutta Tube / IBNS) Eastern Silk Industries Ltd. (ESIL), a leading exporter of textiles, silk furnishings/fashion fabrics and madeups, announced its financial results for the third quarter ended December 31, 2010, where its net sales went up 67.7%% at Rs 215.79 crore against net sales of Rs 128.67 crore in the corresponding quarter ended December 31, 2009.

Net profit after tax for the third quarter of current year was Rs 1.28 crore against a Rs 22.57 lakh in the corresponding quarter of 2009.

Sales for the nine months ended December 31, 2010 stood at Rs 540.96 crore against Rs 398.87 crore in the corresponding quarter of 2009 while net profit was Rs 88.42 lakh against Rs 7.50 crore in the corresponding quarter of 2009.

For the full year ended March 31, 2010 the company’s profit after tax was Rs 4.10 crores on net sales of Rs 543.93 crores.

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