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Mumbai, Oct. 26

Century Textiles & Industries Ltd reported a decrease of 4.21 per cent in its net profit at Rs 71.64 crore for the quarter ended September 30, 2007 as compared to Rs 74.79 crore for the same period last year. Total income increased by 3.27 per cent to Rs 784.95 crore (Rs 760.05 crore). During the quarter and half year ended September 30, the revenue in respect of the activities of discontinued textile operations at Worli, Mumbai, amounted to Rs 1.59 crore and Rs 4.79 c rore respectively, and the loss in respect of the same amounted to Rs 5.27 crore and Rs 9.93 crore respectively, according to a company release. The results of the quarter are not comparable to that of last year due to cessation of manufacturing operations at the mill at Mumbai. —

Our Bureau

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