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Thursday, Aug 11, 2005

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Man Industries Q1 net up 80.5%

Our Bureau

Mumbai , Aug. 10

MAN Industries (India) Ltd, a manufacturer of SAW pipes and coating systems for high-pressure oil and gas installations, has reported an 80.5 per cent increase in its Q1 net profit, which is up at Rs 7.24 crore against Rs 4.01 crore in the year-ago period.

Net sales rose by 140 per cent to Rs 120.80 crore from Rs 50.30 crore in the year-ago period. The company recently inaugurated a new pipe and coating facility in Gujarat.

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Man Industries Q1 net up 80.5%




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