Duroflex Engineering Limited has informed that the Board of Directors of the Company has decided to form a 100% owned Subsidiary Company in Hamriya Free Zone, Sharjah, United Arab Emirates (U. A. E) subject to such approvals and permissions as may be required. The decision was taken in a meeting held on July 31, 2008. For the full year, net profit of the company rose 250.00% to Rs 0.14 crore in the year ended March 2008 as against Rs 0.04 crore during the previous year ended March
2007.