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KOLKATA: Berger Paints has recorded a 72 per cent rise in net profit for the second quarter ended September 2005.

The board of directors will meet on November 7 to decide on the payment of interim dividend, according to a company release.

During the quarter, sales amounted to Rs 300.13 crore (Rs 239 crore), while net profit stood at Rs 21.21 crore (Rs 12.31 crore).

During the first six months of the current fiscal, sales grew 26 per cent to Rs 553.4 crore (Rs 442.01 crore), while net profit at Rs 36.77 crore (Rs 21.26 crore) showed growth of 73 per cent.

Company sources attributed the improvement to several factors such as improvement in sales, better price realisation, good product mix, and judicious management of costs.

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