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Our Bureau

Chennai, July 19

E.I.D. Parry (India) Ltd has reported a profit after tax of Rs 108.30 crore on net sales of Rs 176.16 crore for the first quarter ended June 30, 2006.

According to an official press release, the company has recommended a special interim dividend of Rs 4.50 a share (face value of Rs 2 a share) for 2006-07. During the corresponding period in the previous year, the company reported a profit after tax of Rs 11.73 crore on net sales of Rs 177.67 crore.

The results of the two quarters are not comparable as the previous year's figures include those of Parryware division. On June 1, Roca Sanitaro, Spain, acquired from E.I.D.- Parry 4.32 lakh shares of Parryware Glamourooms, which resulted in a profit on sale of investments of Rs 118.12 crore. Parryware is now a joint venture.

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