Century Enka Q1 net dips by 34.49pc

New Delhi, July 30 (UNI) Kolkata-based Century Enka Ltd today registered a decrease of 34.49 per cent in its net profit at Rs 5.62 crore for the first quarter ended June 30, 2006, as against Rs 8.58 crore in the corresponding period last year.

However, the company posted a decline of 5.14 per cent in its total income (net of excise) to Rs 230.60 crore for the first quarter ended June 30, 2006, as against Rs 243.12 crore for the same period last fiscal, a company statement said.

Century Enka, established in 1965, is a joint venture of B K Birla group and Accordis group (Formarly Akzo Nobel) of Netherland.

At present, the company has three plants -- Century Enka Ltd, Pune, Konkan Synthetic Fibres, Mahad in Maharashtra and Rajashree Polyfil, Bharuch in Gujarat -- manufacturing nylon and polyester filament yarns.

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