Page Industries has extended its licensing agreement with Jockey International.
In a filing to the exchanges the company stated, “Our license agreement with Jockey International Inc has been extended till December 31, 2040.”
Further, the compnay had reported a 41% rise in its March quarter (Q4FY18) to Rs.94.2 crore, against Rs.66.8 crore in the same period last year. The operating profit rose 51% at Rs.146.8 crore and margin rose 450 bps at 24.1%. The company’s board also declared fourth interim dividend of Rs.35 per equity share for 2017-18.
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