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Himatsingka Seide likely to achieve its target after a good Q3 result

Related Keywords: consolidated earning, drapery fabrics and bed linen products, global footprint, Himatsingka Group, Home textile major, home textile products, small cap textile manufacturer, upholstery fabrics, vertically integrated

The Himatsingka Group is a vertically integrated Home Textile major with a global footprint has recorded consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) (including other income) grew by 2% to Rs 55.71 crore in Q3 December 2014 over Q3 December 2013.

After consolidated net profit increased 42.4% to Rs 24.51 crore on 7.4% fall in total income to Rs 466.93 crore in Q3 December 2014 over Q3 December 2013. The result was announced after market hours on 11 February 2015.

Himatsingka Seide to become the sole shareholder of Giuseppe Bellora S.p.A, Italy

Related Keywords: acquisition, Giuseppe Bellora, global footprint, Himatsingka Group, Home textile major, luxury Italian bedding brand, share capital, sole shareholder

Himatsingka Group a vertically integrated Indian Home Textile major with a global footprint, which currently owns 70% of the share capital of Giuseppe Bellora S.p.A, (owner of the luxury Italian bedding brand “Bellora”) announces the acquisition of the remaining 30% share -holding from GB Invest S.r.l. With the acquisition the Himatsingka Group has become the sole shareholder of Giuseppe Bellora S.p.A.
 

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