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Our Bureau

Hyderabad , July 22

Andhra Sugars Ltd has reported a significant growth in sales turnover and net profit for the first quarter of current fiscal ended June 30, 2006.

As per the unaudited financial results taken on record by the board on Saturday, the company posted a sales turnover of Rs 159.39 crore as against Rs 120.92 crore in the corresponding quarter of previous fiscal and a net profit of Rs 20.24 crore (Rs 14.19 crore).

This translates into an EPS of Rs 7.47 (Rs 5.24) on an equity of Rs 27.11 crore.

The board has recommended a dividend of 75 per cent for the year.

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