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Our Bureau

Mumbai , July 19

JBF Industries, a manufacturer of polyester chips and yarns, has recorded a 42.97-per cent growth in net profit at Rs 16.54 crore for the quarter ended June 30, compared to Rs 9.48 crore recorded in the corresponding quarter last year.

The net income increased to Rs 289.88 crore (Rs 192.33 crore) and net turnover to Rs 287.63 crore(Rs 191.88 crore).

The company has gone global with a $90 million plant in the UAE through a joint venture with RAKIA (Ras Al Khaimah Investment Authority) for setting up a polyester/PET chip plant. Shares of JFB fell 2.98 per cent on the BSE to close at Rs 83.05.

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