Refex Refrigerants: Updates:

Refex Refrigerants Ltd came out with better than expected results for the Q3FY10, though the net sales dipped a bit. The total sales of the company the Q3FY10 came out to be Rs.6.92 Cr as against Rs.10.16 cr in the same period previous year. But what is amazing to note is that Profits from ordinary activities before tax is Rs.20.23 lakhs against a net loss of Rs.7.83 Cr in the same period previous year.

Also the net profit for the Q3FY10 came out to be Rs.12.16 lakhs against a net LOSS of Rs.4.57 Cr in the same period previous years.The company's wind farm project is going on smoothly and hopefully the company hopesa to complete the project within the next 6 months time frame. The company is also expected to free its pledged shares within a very short time. According to the sources close to me, it could get freezed in the next 3 months time frame.

The company's season has started and hopefully from the Q1FY11, Refex Refrigerants would start to show better performance.......

It is presently not using its full capacity due to economic downturn, which affected both its top and bottomlines. However, it is hoping to show better performance in the days to come, as the economy gathers steam. Its products are envionment friendly and hence it has a long way to go in the days to come. HOPING IT SHOW THE 2007--2008 PERFORMANCE GOING FORWARD. Meanwhile they have updated their web-site and you can go through the same in your free time.