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India : Century Textiles posts net profit of Rs 716.40 mn

India : Century Textiles posts net profit of Rs 716.40 mn

Write: Socrates [2011-05-20]
Century Textiles & Industries Ltd has announced the following Un-Audited results for the quarter ended September 30, 2007.
The Company has posted a net profit of Rs 716.40 million for the quarter ended September 30, 2007 where as the same was at Rs 747.90 million for the quarter ended September 30, 2006.
Total Income is Rs 7849.50 million for the quarter ended September 30, 2007 where as the same was at Rs 7600.50 million for the quarter ended September 30, 2006.
During the quarter and half year ended September 30, 2007, the revenue in respect of the activities of discontinued Textile operations at Worli, Mumbai, amounted to Rs 15.90 million and Rs 47.90 million respectively, and the loss in respect of the same amounted to Rs 52.70 million and Rs 99.30 million respectively.
There is no change in the status of matters relating to the dispute with the remaining few workers of the non-operative Textile Mill at Worli, Mumbai.
As a result of cessation of manufacturing operations at the Textile Mill at Worli, Mumbai, the results for the quarter and half year ended September 30, 2007 are not comparable with those of previous corresponding periods.