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US market a prime revenue driver, says Hanung Toys

Ashok Kumar Bansal, chairman and managing director of Hanung Toys and Textiles said that rising interest rates have affected the company’s profit. "US market is a key to our revenue growth; 75% of our revenue comes from exports," added Bansal.

August 11, 2011 / 13:48 IST
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Toys and gift articles maker Hanung Toys and Textiles has announced its first quarter (April to June) results. The company has reported net sales of Rs 283.54 crore for the Q1 this year against Rs 246.48 crore for Q1 last year. Its Q1 net profit was at Rs 27.59 crore against Rs 27.29 crore for the Q1 last year.

Speaking to CNBC-TV18
TAGS: #Ashok Kumar Bansal #Exports #Hanung Toys and Textiles #interest rates #Q1 #Results Boardroom #revenue growth #US Market
first published: Aug 11, 2011 12:45 pm

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