ICI India announces Q1 results

ICI India Ltd has announced the following Unaudited results for the quarter ended June 30, 2006:

The Company has posted a net profit after taxation of Rs 181.60 million for the quarter ended June 30, 2006 where as the same was at Rs 158.30 for the quarter ended June 30, 2005. Total Income (net of excise) is Rs 2367.20 million for the quarter ended June 30, 2006 where as the same was at Rs 2224.60 for the quarter ended June 30, 2005.

The figures for the quarter ended June 30, 2006, are not comparable with those for the corresponding period of the previous year in view of divestment of Rubber Chemicals business in December 2005. On a comparable basis, during the quarter, sales from continuing businesses were up by 20%, and segment profit increased by 1.4%.

Source : Equity Bulls

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