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Corporate Results - Paints
Berger Paints profits rise 22%

Kolkata, July 31

Berger Paints India Ltd posted 22.5 per cent growth in profit after tax at Rs 28.38 crore (Rs 23.27 crore) during the quarter ended June 30, 2009, on a lower net sales of Rs 372.63 crore (Rs 378.16 crore), according to a company release. The company sources attributed the rise in net profit to better realisations and lower input costs and the lower sales volume to voluntary shutdown of operations in April for implementation of ERP.

— Our Bureau

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