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HYDERABAD: Andhra Petrochemicals Ltd (APL) has registered significant growth both in sales turnover and net profit for the fourth quarter of fiscal ended March 31, 2005.

The sales turnover has increased to Rs 74.89 crore from Rs 44.97 crore in the corresponding quarter of previous fiscal, while the net profit has improved to Rs 4.79 crore from Rs 1.58 crore.

For the year ended March 31, 2005, the company posted a net profit of Rs 12.39 crore (Rs 5.29 crore) on a sales turnover of Rs 229.58 crore (Rs 176.84 crore). In a press release here, the APL Managing Director, Dr Mullapudi Harischandra Prasad, attributed the improved sales and profits to the higher production during the quarter under review.

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