RadiciGroup, closed its 2020 financial year with higher EBITDA up 4.4% compared to the prior year, and net income, net of amortization and depreciation, that rose to 8.1% over 2019.
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RadiciGroup, closed its 2020 financial year with higher EBITDA up 4.4% compared to the prior year, and net income, net of amortization and depreciation, that rose to 8.1% over 2019.
The price hike in diesel and petrol has caused inflation to increase by 25 to 30% after unlock. From July the rate of textile items will further increase by 10 to 15%.
Pakistan saw 3.4 times increase in textile exports in April 2021. This growth was due to the low base effect in April 2020 when the first wave of COVID-19 affected industrial activity across the globe and in Pakistan.
With a spike in the number of COVID-19 cases, Karur textile manufacturers and exporters association has announced a complete shutdown of the manufacturing units starting May19.
As per the data obtained from the MIIT, China’s textile industry has recorded good growth during the first quarter of 2021. The industry’s revenue increased by 20.3% this year.
The CEO of Ajmera Fashion was awarded for his consistent and commendable work towards women empowerment in the textile sector.