Asian Paints Consolidated net profit inreases by 35.9 pc

Mumbai, July 30, (UNI) Asian Paints ltd consolidated net profit has increased by 35.9 per cent to Rs 8.19 crore from Rs 6.03 crore for the quarter ended June 30, 2007 as compared to the previous corresponding quarter.

Sales&Operating Income has risen by 23.6 per cent to Rs 96.05 crore from Rs 77.73 crore. Profit before depreciation interest and tax (PBDIT) for the group has increased by 31.5 per cent to Rs.

14.43 crore from Rs 10.96 crore.

The international business too recorded good sales growth, powered by an impressive performance by the Middle East and South Asia region, Ashwin Dani, Vice Chairman&Managing Director, Asian Paints Limited said.

For the quarter ended June 30, 2007, Net Profit on a standalone basis increased by 27.9 per cent to Rs.7.42 crore from Rs 5.80 crore. Net Sales increased by 22.7 per cent to Rs. 74.02 crore from Rs 60.34 crore. PBDIT for the quarter increased by 24.7 per cent to Rs 12.50 crore from Rs 10.02 crore. Profit before tax was Rs 11.28 crore as compared to Rs. 8.80 crore for the previous corresponding quarter, an increase of 28.2 per cent.

UNI