Real Strips to allot shares on Preferential basis

Real Strips, informed that the members at the extraordinary general meeting (EGM) of the company held on Aug.14, 2007 have passed the resolution for the allotment of 500,000 equity shares of Rs 10 each at a price of Rs 47 on preferential allotment basis.

The company reported a steady growth in net profit for the quarter ended June 2007. During the quarter, the company experienced 16.86% rise in profit to Rs 8.11 million from Rs 6.94 million in the corresponding quarter last year.

Net sales for the quarter ended June 2007 rose 39.06% to Rs 216.21 million compared with the corresponding quarter, a year ago.