Business Daily from THE HINDU group of publications
Thursday, Oct 15, 2009
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Business Daily from THE HINDU group of publications Thursday, Oct 15, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Corporate Results
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Plastics Finolex posts Rs 13.4-cr net profit in Q2 Our Bureau Pune, Oct. 14 PVC resin and PVC fittings and pipes maker Finolex Industries Ltd has posted a net profit of Rs 13.4 crore during the second quarter of this fiscal compared with a loss of Rs 21.75 crore during the corresponding quarter of last year. Income from operations at Rs 293 crore was down 10.6 per cent from Rs 328 crore respectively in the two quarters under review. The loss during the previous corresponding period was due to sharp depreciation of the rupee during the last fiscal, Mr S.S. Dhanorkar, Asst. Managing Director, Finolex, said. The company suffered lower forex losses this year, resulting in improvement in the bottomline, he added. More Stories on : Plastics
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