Century Textiles Q1 net profit at Rs.107.91 Crores

Century Textiles & Industries Ltd has announced the unaudited financial Results for the quarter ended June 30, 2007.

The Company has posted a net profit of Rs 1079.10 million for the quarter ended June 30, 2007 where as the same was at Rs 697.30 million for the quarter ended June 30, 2006. Total Income (net of excise) is Rs 8576.60 million for the quarter ended June 30, 2007 where as the same was at Rs 7343.20 million for the quarter ended June 30, 2006.

As a result of cessation of manufacturing operations at the Textile Mill at Worli, Mumbai, the results for the quarter ended June 30, 2007 are not comparable with those of previous corresponding quarter.

The company has reported an Earnings Per Share (EPS) of Rs.11.6 for the Quarter ending June 30, 2007 compared to Rs.7.49 for Quarter ending June 30, 2006.

The stock was trading at Rs.734.15, up by Rs.26.85 or 3.80%. The stock hit an intraday high of Rs.735.50 and low of Rs.701. The total traded quantity was 490021 compared to 2 week average of 347231.

Source : Equity Bulls

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