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Our Bureau

Mumbai, May 3

Century Textiles and Industries Ltd has recorded a net profit at Rs 94.36 crore for the quarter ended March 31, 2007, against Rs 25.21 crore in the corresponding quarter previous year. However, the company's result for the quarter and year ended March 31, 2007, cannot be compared to the previous corresponding as manufacturing operations at the textile mill at Worli had virtually ceased, the company told the Bombay Stock Exchange.

The company's net sales grew to Rs 875.6 crore in the quarter (Rs 706.03 crore). Earnings per share for the quarter was Rs 10.14 (Rs 2.71). For the year-ended March 31, 2007, the company registered net profit at Rs 272.81 crore (Rs 76.59 crore). Net sales for the year stood at Rs 3,140.16 crore (Rs 2,578.27 crore). EPS for the year increased to Rs 29.32 (Rs 11.72).

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