Financial Daily from THE HINDU group of publications
Friday, Jan 20, 2006
Financial Daily from THE HINDU group of publications Friday, Jan 20, 2006 |
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Corporate Results
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Metals Sterlite Industries net up 75 pc Our Bureau
NEW DELHI: Sterlite Industries India Ltd has reported a net profit of Rs 150.24 crore (Rs 86.08 crore) for the third quarter ended December 2005, marking an increase of 74.53 per cent. Total income jumped by 98.99 per cent to Rs 2,178.43 crore (Rs 1,094.71 crore), the company informed the BSE. Income attributable to the consolidated group stood at Rs 395.03 crore (Rs 235.40 crore). According to the Sterlite Chairman, Mr Anil Agarwal, "Higher production volumes together with rising metal prices have contributed to the strong set of third quarter results." "Our growth projects and the operational efficiency measures, which have been put in place, are on track," he said. The company's production stood at 75,000 tonnes of copper during the third quarter, marking an increase of 56 per cent on a quarter-to-quarter basis.
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