Century Textiles Q4 profit after tax at Rs.94.36 crores

Century Textiles & Industries Ltd has announced the Audited results for the quarter & year ended March 31, 2007. The results for the Quarter ended March 31, 2007: The Company has posted a net profit of Rs 943.60 million for the quarter ended March 31, 2007 where as the same was at Rs 252.10 million for the quarter ended March 31, 2006. Total Income (net of excise) is Rs 9071.00 million for the quarter ended March 31, 2007 where as the same was at Rs 7278.00 million for the quarter ended March 31, 2006.

The results for the Year ended March 31, 2007: The Company has posted a net profit of Rs 2728.10 million for the year ended March 31, 2007 where as the same was at Rs 1090.50 million for the year ended March 31, 2006. Total Income (net of excise) is Rs 32148.00 million for the year ended March 31, 2007 where as the same was at Rs 26375.40 million for the year ended March 31, 2006.

As a result of virtual cessation of manufacturing operations at the textile mill at Worli, the results for the quarter and for the year ended March 31, 2007 are both not comparable with those of previous corresponding periods.

The Register of Members & Share Transfer Books of the Company will remain closed from July 20, 2007 to July 24, 2007 (both days inclusive) for the purpose of Annual General Meeting of the Company to be held on July 24, 2007.

Source : Equity Bulls

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