EID Parry turnover Rs 169.43 crore

Chennai, Oct 19 (UNI) The turnover of EID-Parry (India) Ltd for the quarter ended September 30, 2006 was Rs 169.43 crore against previous year's Rs 160.30 crore.

The Profit before Interest and Tax was Rs 30.36 crore compared to last year's Rs 31.86 crore. The Profit before Tax stood at Rs 30.51 crore. After providing for tax of Rs 4.20 crore, the Profit after Tax for the current quarter was Rs 26.31 Crore, a company release here said.

The previous year figures in the published results included the results of erstwhile Parryware Division (Sales Rs 63.08 crore and Profit before Interest and Tax Rs 8.54 crore) and not comparable with the current year results.

The turnover for the half-year ended September 30, 2006 stood at Rs 345.59 Crore as against the previous year's Rs 274.83 Crore, it said.

It said the sugar division recorded a topline growth of 27 per cent during the first half of 2006-07. The profit before interest and tax registered an impressive growth of 53 per cent.

The bio-products division showed sales growth of 12 per cent during the first half of 2006-07. The plant had been achieving highest ever efficiencies and throughput as a result of many improvements in the process taken up during the year. Loss of Rs 2.25 crore reported for the 1st half is mainly on account of product launch expenses, the release said.

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