Page Industries Limited, the exclusive licensee of Jockey International Inc. (USA) for India, Sri Lanka, Nepal, Bangladesh and Maldives, has posted a Net Profit of Rs.194.65 million for the nine months ended December 31, 2007. The Sales & Income from operations during the first nine months of the current fiscal has been Rs.1473.62 million, which witnesses a growth of about 36% over internal provisional figures of last year’s corresponding period. EPS for the first nine ended 31st December, 2007 amounted to Rs. 17.45 per share, as against Rs. 15.26 per share of the whole of last year 2006-07. The Company, during its first nine months, has achieved its Sales, EBIDTA, PBT and PAT over and above its entire previous year 2006-07.

Besides the 1st Interim Dividend @ 60%, on 20th August, 2007, the Board has declared its 2nd Interim Dividend @ 40% for the year 2007-08 to the shareholders.

Mr. Sunder Genomal, Managing Director, Page Industries Limited said, “Sales of the Company has been growing at CAGR of 36% and the net profit has been growing at CAGR of 48% during the last three years. The retail boom that we are witnessing now, coupled with the increased brand consciousness and the increased spending power of the consumers will aid our growth in the inner wear and leisure wear segments.”

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About Page Industries Limited

Page Industries Ltd. (Bangalore, India) are specialists in the development and production of high quality underwear for men, women, and children, and are the licensees of Jockey International Inc. (USA) for manufacture and distribution of the Jockey brand in India and Sri Lanka. The promoters - Genomal group, established the company in 1994. The Genomal group companies have been the licensees for the Jockey and Speedo brands in the Philippines since 1959 and 1988 respectively. The companies are run by the second generation Genomal Family, sons of the group founder and guiding spirit, the late Topandas Genomal.

Page Industries exports underwear and sportswear worldwide. Its customers include Jockey licensees in Europe, Middle East, and Asia, Jockey UK, Jockey USA, as well as other top class underwear brands. The Jockey hallmark of quality is applied to every product delivered. With the backing and active involvement of seasoned promoters combined with a highly skilled and dedicated team, Page is committed to the manufacture of world class products

Page Industries Ltd. have been independently audited and approved by internationally recognized ‘Intertek Testing Services (ITS)’ for Safety and Production systems. The company has also been certified by the USA based ‘Worldwide Responsible Apparel Production (WRAP)’ for stringent adherence to universally acceptable principles covering Labor, Human Relations and all applicable local laws pertaining to industrial production.

For more information please contact:
Kheman Kumar / Moumita Rudra - Good Relations India Pvt Ltd
Email: kheman@gri.co.in / moumita@gri.co.in
Mobile: 9871829296 / 9871062245