Refex Refrigerants Ltd, a Chennai based leading refrigerants manufacturing company and BSE listed company, has announced strong Unaudited Financial Results for the quarter ended June 30, 2008.

High Lights- First Quarter 2008 – 09

Quarterly Sales increased to Rs.68.8 crores up by 329 % as compared to Rs.16.07crores in the last year(2007-08)
Quarterly Net Profit increased to Rs.5.51 crores up by 132% as compared to Rs.2.38 crores in the last year (2007-08)
Announcing these results, Mr. Anil Jain, Managing Director, Refex Refrigerants Ltd stated, “We are very happy with our performance in the first quarter. There is a robust jump in our top line and bottom-line. Our strategic acquisition of Kaltech Engineering & Refrigeration pte ltd., Singapore, helped strengthen our position for our ability to produce this record growth”.

Refex Refrigerants had clocked a turnover of Rs.90 crores and net profit Rs.12 crores for the Financial Year 2007-08.

2008-09 Outlook – Second Quarter & Full Year:

Based on current working, the Company is now anticipating the following:

Fiscal 2008 – 09 revenue estimated to be at least Rs. 200 crores
Total head count by end of full year 2008 -09 expected to exceed 120.

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