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TEXTURED JERSEY: record profit rise declared

 

 

MAJOR Sri Lankan fabric supplier Textured Jersey declared 2015 results that showed a record 63 per cent year-on-year growth of net profit, at LKR 2.17m on sales of LKR 17.8bn that were 30 per cent higher. The acquisition in 2015 of the parent company of Ocean India (private) Ltd is said to have made a substantial contribution to the year’s results.

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The continuing expansion of bodywear production capacity in Sri Lanka makes it likely that local production of fabrics will also maintain its growth.

 

See also:

TEXTURED JERSEY: Indian knitting mill acquired

TEXTURED JERSEY: textile printing operation acquired

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