ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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PREMIER INDUSTRIES-Lower Profit

SHREE RAJASTHAN SYNTEX Upgrading Technology SHREE RAJASTHAN SYNTEX, which is engaged in the manufacture of polyester/ viscose blended and acrylic yarn and polypropylene multi-filament yarn, improved its perfomance in 1992-93. The company saw a 35 per cent rise in net sales and a more than 100 per cent rise in operating profit during the year. A sharp rise in interest (up 177 per cent) and depreciation charges (up 178 per cent) however diluted somewhat the sharp rise in operating profit. With the company producing innovative varieties of high value dyed fancy yarns which were well received in the market, production of spun yarn improved from 4,611 mt to 4,965 mt while sale in volume terms was higher at 4,946 mt as against 4,485 mt sold last year. Sale realisation on the same also improved significantly from Rs 54.7 crore last year to Rs 68.8 crore. Following the successful implementation of its filament yarn project in September 1992 (without any cost overrun) the company produced 790 mt of polypropylene multi-filament yarn during the year. With the division's product being well received in the domestic as well in the international market the company has also commenced exports to the European and far eastern markets.

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