May I take pleasure
of wishing all the best to your family !
Your company ,Gujarat Ambuja Exports
Limited , has continued to do exceedingly well and I
am sure you must be quite happy to be a co-owner of
Gujart Ambuja Exports Ltd..
The Year 2004-05 was the year of consolidating
further ,where we could see higher turnover at Rs.1128
Crores, higher Cash Profit at Rs. 54.56 Crores and higher
Net profit at Rs. 26.94 Crores. You must have also seen
that our company has capitalized assets of almost Rs.
50 Crores , all through internal accruals, during the
year under consideration.
For the issue , which matter you most
, you must be happy to note that the dividend payout
has also increased to Rs.1.10 per share and the market
price of our equity shares have witnessed 100% increase
in the last one year.
Even for the 2005-06, which has begun
with a quit optimistic note for the quarter ended 30.06.2005,
the turnover has increased by 8.5% at Rs. 285 crores
and profit has also increased by 16% at Rs. 8.56 crores
for the quarter and we look forward to excellent financial
results for the 2005-2006.
New projects
The Company is also finalizing new
projects including building up of additional capacity
on cotton Yarn, which will be green field project aggregating
a project cost of almost Rs. 205 crores. Besides we
are increasing Maize Grinding capacity from 500 TDP
to 1000 TDP and also increasing the Sorbitol manufacturing
capacity from 100 TDP to 200 TDP. The Company is simultaneously
putting up the Project for manufacturing Ethanol from
the Maize Processing of the capacity of 200 TDP. These
project would also require total outlay of Rs. 200 crores.
Besides we have already made a small
beginning in the Non-Conventional Energy Sector by setting
up a 1.250 MW windmill. We expect to invest around Rs.
50 crores in the next 2 year.
All these projects would further add
to the company's capacity to improve the top line as
well as bottom line.
Looking forward to another year of
success, I convey my best wishes for the ensuing Festival
Season!.
With best regards,
VIJAY KUMAR GUPTA
(Chairman & Managing Director).
Together We Will Make It Happen
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