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Super Spinning Mills register 35 pc growth

COIMBATORE: Super Spinning Mills Ltd has registered 35 per cent growth in its operative income for the financial year ended March 31, 2001. The company's net sales for the period rose to Rs 246.10 crore against Rs 181.42 crore in the previous year.

Net profit rose by over 85 per cent to Rs 7.81 crore during the year compared to Rs 4.20 crore recorded in the previous year.

According to the audited financial results of the company, the company had incurred higher expenditure during the year under review. Its raw material costs were higher at Rs 125.31 crore (Rs 94.16 crore) and its energy costs too remained higher at Rs 27. 11 crore (Rs 20.37 crore).

Its staff cost was more at Rs.16.67 crore (Rs 14.18 crore), while the company had incurred other expenditure at Rs 33.12 crore (Rs 28.05 crore).

Interest charges and depreciation claims were higher at Rs 11.18 crore (Rs 8.04 crore) and Rs 13.69 crore (Rs 11.54 crore) respectively. -- Our Bureau