Riddhi Siddhi Gluco Biols net profit up 136 pc
Ahmedabad, June 11 (UNI) City-based Riddhi Siddhi Gluco Biols Limited (RSGBL) has recorded a net profit of Rs 26.76 crore for the year ended March 31, an increase of 136 per cent over the previous year's net profit of Rs 11.34 crore.
The sales for the year 2006-07 stood at Rs 355.87 crore as against Rs 243.13 crore in the previous year, a company press release said.
Commenting
on
the
result,
RSGBL
MD
Ganpatraj
Chowdhary
said,
''Our
recent
capacity
expansion
of
modified
starch
at
Gokak
plant
and
the
management's
focus
on
better
product
mix
and
utilisation
of
utilities
have
contributed
to
improved
overall
growth.''
UNI
Comments
Story first published: Tuesday, June 12, 2007, 0:07 [IST]