11/2/2010 11:21:00 AM
NEWS BRIEFS
Lakshmi Precision Screws Sales & Profit Up
Courtesy Lakshmi Precision Screws
Automotive and industrial fasteners manufacturer Lakshmi Precision Screws reported sales rose 43.5% to Rs 754.2 million for the second fiscal quarter ended September 30, 2010, according to IRIS. Net profit more than quadrupled to Rs 22.1 million, and EPS jumped to Rs 2.02 from Rs 0.48.
Lakshmi Precision Screws has a joint venture with AFT Inc. — Zephyr Fasteners, headed by former ATF president Porter McLean.
Founded in 1972, Lakshmi Precision Screws is one of India’s largest fastener exporters.
Click HERE to read more on Zephyr Fasteners. ©2010 GlobalFastenerNews.com
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