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MANGALORE: Mangalore Chemicals and Fertilizers (MCF) Ltd has recorded an increase of 102 per cent in the first quarter total income to Rs 151.35 crore.

The before tax operating results showed a net profit of Rs 1.17 crore compared to a net loss of Rs 1.94 crore in the corresponding period during the previous year. Improvement in income and net profit for the year was due to higher sales consequent to the early onset of monsoon, according to an MCF release. The audited results for 2003-04, which was approved by the board of directors in Bangalore, showed a turnover at Rs 614.21 crore, up by 9 per cent over the previous year. The profit before tax at Rs 22.45 crore is up by 8 per cent.

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Datamatics net down 7 per cent

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