Sundram Fasteners Profit Soars

Jason Sandefur

India-based Sundram Fasteners Ltd. reported profit jumped 42% to 255.5 million rupees (US$6.35 million) for the second quarter of 2007, though the company warned that future margins face pressure from cost increases, Reuters reports. Q2 sales rose 2.4% to 2.98 billion rupees (US$74.13m). Web: sundram.com �2007 FastenerNews.com