For the second quarter KPR Mills’ total income was Rs 1,225.74 crores against Rs 951.51 crores in the corresponding quarter of previous year and Rs 940.56 crores in the previous quarter. Net profit was Rs 242.22 crores against Rs 112.54 crores in the corresponding quarter of the previous year and Rs 168.07 crores in the previous quarter.

For the six month period total income was Rs 2,166.30 crores as against Rs 1,498.74 crores in the previous year. Net profit was at Rs 410.29 crores compared to Rs 172.84 crores in the previous year. KPR is an integrated textile manufacturing company from India.

Meanwhile KPR Mills has opened a garment unit in Ethiopia. The complete set-up of the garment unit took about two months. Extensive training of workforce took place in both Ethiopia and India. At full capacity, the company will employ 1,500 machine workers who will produce 50,000 garment pieces a day for the world market. So far, employment has been created for 700 people and export shipments have commenced to Europe and the United States.