Leading knit fabrics producer Textured Jersey Lanka PLC (TJL), has reported a top line of US $ 26.92 billion and net profit of US $ 2.16million for the second quarter that ended on 30 September 2014. Sales up by 29 per cent and net profit was up by 72 per cent while net profit up by 7 per cent on a quarter to quarter basis. Bill Lam Chairman of the company said that the construction phase of the multi fuel co-generation boiler plant was successfully completed during the quarter and test operations had been started. The plant will be fully operational in the coming quarters and is expected to generate substantial savings in energy costs. Similarly, the recently added 10-12 per cent capacity will be fully utilized during the coming quarters with US demand coming back on track.
