Asian Paints' Q4 net profit up by 43 per cent

Mumbai, May 10 (UNI) India's major paint manufacturer, Asian Paints, in its fourth quarter ended March 31, 2007, has posted 43 per cent net profit increase at Rs 66.6 crore from Rs 46.5 crore over the corresponding quarter of last fiscal.

The company has also registered sales increase of 25.4 per cent to Rs 958.9 crore from Rs 765 crore during the same period.

''All the three business units of the company have registered 15 per cent of volume growth, while value sales for the group has increased by 21.5 per cent, powered by strong performances by the Paints-India business and the middle east region,'' said vice chairman and MD, Aswani Dani.

UNI