NALCO's profit up by 110 per cent to Rs 595 crore

Bhubaneswar, Oct 30 (UNI) Public Sector National Aluminium Company Limited(NALCO), country's leading manufacturer and exporter, has registered a net profit of Rs 595.00 crore during the second quarter.

According to the unaudited financial results for the three-month period of the financial year 2006-07 taken on record in the Board of Directors meeting held in New Delhi today, the sales turnover of the company increased to Rs 1582.65 crore from Rs 1149.98 crore during the same quarter in the previous year.

For the first half of the current fiscal 2006-07, the company achieved a net profit of Rs 1217.30 crore, representing an increase of 116 per cent over the previous period figure of Rs 563.60 crore.

Similarly, the sales turnover increased to Rs 3203.47 crore from Rs 2221.68 crore in the previous period.

NALCO had also reported improved production of aluminium during the six-month period by producing 180,087 ton as against 178,097 ton recorded in the previous corresponding period.

UNI DP SJC RN1805