GIVO has reported results for third quarter ended December 31, 2011.
The company has posted a rise of 15.67% in its net profit at Rs 0.59 crore for the quarter ended December 31, 2011 as compared to Rs 0.51 crore for the same quarter in the previous year. Total income has increased by 36.85% at Rs 6.35 crore for the quarter under review as compared to Rs 4.64 crore year ago.
GIVO is involved in manufacturing, selling and exporting readymade garments. The company produces 600 jackets and 800 pairs of trousers in a single eight hour shift. It sources fabrics from all over the world, including Italy, Japan and South Korea, apart from tie-ups with the Indian mills.
