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Whirlpool Q2 PAT at Rs. 16.75 cr

NEW DELHI: Buoyed by an increase in demand for white goods during the year, Whirlpool of India Ltd, the subsidiary of Whirlpool Corporation of the US, has ended the second quarter (April-June 2000) with a net profit of Rs. 16.75 crores against Rs. 6.65 c rores registered during the same period in fiscal 1999.

Net sales grew 24.11 per cent from Rs. 272.81 crores in the second quarter last year to Rs. 338.59 crores this year. Gross profit stood at Rs. 37.86 crores (Rs. 29 crores), interest at Rs. 13.36 crores (Rs. 13.02 crores) and depreciation at Rs. 7.75 cror es (Rs. 9.33 crores).

Basic and diluted earnings per share during the period was Rs. 1.32 against Rs. 0.52.

``Our strong focus on the consumer, investments behind the Whirlpool brand, driving down costs, improving quality and productivity across all areas of the business is responsible for the strong performance,'' Mr. Garrick D'Silva, Chairman and Managing Di rector of WIL, said. -- Our Bureau