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Airo Lam Ltd.

BSE: 535016 Sector: Others
NSE: AIROLAM ISIN Code: INE801L01010
BSE 05:30 | 01 Jan Airo Lam Ltd
NSE 15:40 | 17 Aug 67.75 -1.75
(-2.52%)
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70.70

HIGH

71.90

LOW

66.25

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Airo Lam Ltd. (AIROLAM) - Chairman Speech

Company chairman speech

I Pravin Patel Managing irector of the Company heartily welcome you all to this 12thAnnual Gener l Meeting being held at Himmatnagar. This is the second year of operations ofthe Company after IPO and I am happy to inform you that your company has improved itsperformance by leaps and b unds. While ensuring improvement in profitability your Companyhas also succeeded in streamlining its operations which has play major role in achievingthis improvement.

"The turnover of the Company ave increased by 20.11% over previous year. The grossearnings (measured on the basis of EBT) increased from Rs. 490.86 Lakhs previous year toRs. 597.70 during the current year. On the net retained profit front the same increasefrom Rs. 325.17 Lakhs for F.Y. 2017-18 to Rs. 422.81 Lakhs for F.Y. 2018-19."

This improvement in performance was possible mainly on account of optimal use ofavailable resources by using best possible business model and also continued support ofthe investors and farsighted leadership provided by the oard of Directors. This wassupplemented by support at all the levels of operations by all the staff members of yourCompany.

I would like to thank you the entire management team the entire work force thebankers and also business associates for enabling to your Company grow. I also takeopportunity to thank my fellow directors for their immense efforts in formulating andsteering your Company's strategies and policies. I am confident that your Company willachieve greater heights in the times to come and also will deliver long term valueaddition to its shareholders.

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