• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

MUMBAI: Century Textiles and Industries Ltd recorded a 17.46 per cent fall in first quarter net profit to Rs 23.45 crore (Rs 28.41 crore) owing to high raw material costs.

The textiles and cement maker reported 10.55 per cent jump in net sales for the quarter ended June 30, 2004 to Rs 604.22 crore (Rs 546.55 crore). Other income fell to Rs 20.22 crore (Rs 25.30 crore), this includes Rs 4.36 crore from sale of land, a news release said.

Per share earnings for the quarter fell to Rs 2.52 against Rs 3.05 same period last year.

Total expenses including raw material costs and spare parts were up 13.77 per cent to Rs 553.58 crore (Rs 486.57 crore). The company cut interest and depreciation costs to Rs 11.49 crore (Rs 18.65 crore) and Rs 30.45 crore (Rs 32.21 crore).

More Stories on : Textiles

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Zicom Elec net surges

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line