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Wednesday, Jan 25, 2006
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 Corporate Results - Paints


Goodlass Nerolac net rises

Our Bureau

MUMBAI: Goodlass Nerolac Paints Ltd (GNPL) has reported a 131 per cent increase in its third quarter profit after tax at Rs 65.57 crore against Rs 28.33 crore in the corresponding period last year.

Net sales moved up to Rs 285.76 crore from Rs 253.44 crore.

The company said its focus on high quality products in the decorative segments has been the highlight of the year.

During the quarter, GNPL has made an initial investment of Rs 14.51crore towards acquisition of 55 per cent equity stake in Kansai Coatings Malaysia Sdn. Bhd.

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