FINANCIAL PERFORMANCE & INFRASTRUCTURE

“Toil with pain, eat with gain

 

The company has constantly endeavored to optimize efficiency of its resources. This is clearly manifested in the slow, steady & sustained growth recorded by the company over the years albeit the textile industry going through a recessive phase.

 

The turnover of the company has, from a humble Naira 50 Million twelve years ago gradually scaled to reach Naira 921 Million in 2004-2005; registering an annual compounded growth rate of about 30 %. The growth in the net profits after tax, through has not kept pace with the turnover largely owing to consistent narrowing of the margins in the premium fabrics sector in the country. Besides, the development of enhanced & cost effective quality designs.

 

The installed production capacity of the factory is as follows.
 
Weaving:  94 Sulzer looms impeccably maintained to weave about 25,000metres of   fabric and 3000 pcs towel a day.

 

Processing:   Adequate plant and machinery exists to process 35,000metres of fabrics a day. With complete facilities of Jiggers, Winch M/cs, Jet Dyeing, Rotary Screen-Printing, Loop Steamer,   Hot Air Stenter etc. An ultra modern Yarn Dyeing plant caters to the yarn dyeing requirements for producing iridescent and prismatically coloured fabrics.

                                                                         

Support:  The Company has adequate services utilities infrastructure such as Generators, Air Compressors, Bore wells, Boiler house etc. to continuously support and ensure hitch free production operations in all contingencies. The Company also has;

  1. Modern Laboratory for testing the colours and chemicals.
  2. Computer Aided Design studio for preparation of innovative designs.