Refex Refrigerants Ltd, a Chennai based leading refrigerants manufacturing company and BSE listed company, has announced strong Unaudited Financial Results for the quarter ended June 30, 2008.

High Lights- First Quarter 2008 - 09

• Quarterly Sales increased to Rs.68.8 crores up by 329 % as compared to Rs.16.07crores in the last year(2007-08)
• Quarterly Net Profit increased to Rs.5.51 crores up by 132% as compared to Rs.2.38 crores in the last year (2007-08)

Announcing these results, Mr.Anil Jain, Managing Director, Refex Refrigerants Ltd stated, “We are very happy with our performance in the first quarter. There is a robust jump in our top line and bottom-line. Our strategic acquisition of Kaltech Engineering & Refrigeration pte ltd., Singapore, helped strengthen our position for our ability to produce this record growth”.

Refex Refrigerants had clocked a turnover of Rs.90 crores and net profit Rs.12 crores for the Financial Year 2007-08.

2008-09 Outlook – Second Quarter & Full Year:

Based on current working, the Company is now anticipating the following:

• Fiscal 2008 - 09 revenue estimated to be at least Rs. 200 crores
• Total head count by end of full year 2008 -09 expected to exceed 120.

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About Refex Refrigerants Ltd:

Refex is a specialist refiller of environmental friendly refrigerant products. It has a state-of-the-art refilling and storage facility at Thiruporur, Kanchipuram Dist. (Tamilnadu). Refex has set up an additional refilling plant at the same location at a cost of Rs.36 crores. The production from the new plant is to commence very soon. This is a sophisticated and fully automated refilling plant with state of the art quality control equipments. The company expects to increase its refilling capacity from the current 480 MT to 3000 MT per annum.