Net profit of Nahar Spinning Mills reported to Rs 13.83 crore in the quarter ended June 2018 as against net loss of Rs 20.01 crore during the previous quarter ended June 2017. Sales rose 19.32% to Rs 582.52 crore in the quarter ended June 2018 as against Rs 488.21 crore during the previous quarter ended June 2017.

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Nahar Spinning Mills will hold a meeting of the Board of Directors of the Company on 6 August 2018.

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Nahar Spinning Mills announced that the Board of Directors of the Company at its meeting held on 30 May 2018, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Net profit of Nahar Spinning Mills rose 135.79% to Rs 10.87 crore in the quarter ended March 2018 as against Rs 4.61 crore during the previous quarter ended March 2017. Sales declined 5.66% to Rs 550.75 crore in the quarter ended March 2018 as against Rs 583.78 crore during the previous quarter ended March 2017.

For the full year,net loss reported to Rs 32.18 crore in the year ended March 2018 as against net profit of Rs 45.75 crore during the previous year ended March 2017. Sales rose 0.05% to Rs 2133.19 crore in the year ended March 2018 as against Rs 2132.12 crore during the previous year ended March 2017.

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