Financial Daily from THE HINDU group of publications
Tuesday, Aug 02, 2005
Financial Daily from THE HINDU group of publications Tuesday, Aug 02, 2005 |
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Corporate Results
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Fertilisers FACT prunes net loss Our Bureau
KOCHI: Fertilisers and Chemicals Travancore Ltd (FACT) has brought down its losses to Rs 46.87 crore during the first quarter of the current fiscal from Rs 64.64 crore in the year-ago period, according to the company's un-audited financial results. Despite the fact that the prices of all the raw materials used by the company were significantly high over the corresponding quarter last year, the bottom line had shown much improvement due to higher production, an official release said here. Production of Factamfos, the premium fertiliser product of the public sector unit, was 1.17 lakh tonnes against 40,000 tonnes in the year-ago period. Besides, the production of intermediaries has also shown a substantial improvement. The sale of Factamfos stood at 1.64 lakh tonnes during April - June 2005 against 45,000 tonnes during the corresponding quarter last fiscal. The quantity of ammonium sulphate sold during the quarter was 29,000 tonnes (12,000 tonnes).
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