Hisar Spinning Mills records lower profits

Company Performance

Hisar Spinning Mills records lower profits

Hisar Spinning Mills, a cotton spinning mill in North India, has reported a net profit of Rs 29.84 lakh, for the quarter ended June 30, 2013. The company’s net profit during the quarter is 39.52% lower than in the preceding quarter, and 25.46% lower than in the corresponding quarter.

The company’s net sales during April-June 2013 were to the tune of Rs 448.08 lakh, 5.36% lower than in the preceding quarter. The company earned a profit of Rs 113.40 lakh in the 2012-13 financial year. Incorporated in 1992, Hisar Spinning Mills, also exports cotton yarn to Saudi Arabia, Hong Kong, Russia and other countries.