Shrenuj & Company sees 13% increase in revenues

Shrenuj & Company Limited has released its results for the fourth quarter of the fiscal. In the said period, the company’s revenues increased by 13 percent to $52 million. During the second quarter the company has focused its marketing attention on emerging markets like India, China and the Middle East. Along this period, the rise in the dollar also seems to have affected the company's liquidity. High interest rates on financial credit added to the expenses, and the company is reported to have performed well in such situations.

in the light of markets opening up recently, the company believes it will see some growth in the end of 2009, in volume and earnings. It is expecting the US markets to open up. Within the growth, the company is hopeful to liquidate some of its stock purchased during the recent months when the prices were low.

The company’s consolidated revenues for the entire fiscal increased by 19 percent to $303.6 million, while net profit slipped down by 47 percent to $4.9 million.