INDIA: Gokaldas swings to third quarter profit
Indian apparel maker Gokaldas Exports has posted net profit of INR5.34m (US$0.1m) for the third quarter, from a net loss of INR155m in the corresponding period last year.
The clothing manufacturer, which exports outerwear, blazers and pants, shorts, shirts, blouses, denim wear, swimwear, active and sportswear, told the Bombay Stock Exchange its net sales were slightly down, at INR2.6bn.
Meanwhile, net profit for Gokaldas' first nine months of the year was INR125m, compared to a loss of INR13.5m in the corresponding period of 2008.
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