Scripscan:Aimco Pesticides Ltd
cmp:8
Code:524288
Story:Company is focused on increase in its sale and operating profit, through market penetration and market development.Company is trying to capture untapped markets and for that its venturing its product in various foreign market(s) so that volume of sales can see momentum in succeeding years.Company is also taking required measures to reduce its operating cost so that it can achieve its targeted operating margin.The Company has recorded a turnover of Rs. 4,832.77 lacs, a growth of 82.90% over the previous year.After deducting total expenditure company incurred a loss of Rs. 666.43 lacs.The expected excellent monsoon & adequate rain for the current year in Indian subcontinent will increase the local sales of agro chemicals & improve the profit margins.Company is now focusing on registering, orienting more products in its own brand name in exports business. It is company's endeavor to develop new markets as well as concentrating more on improvement of volume of its sales in current market so the sale can be maximized.On account of new export registrations, the Company expects growth in the export sales in the coming year.At present prices one has hardly anything to looses.A hold at present levels.
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