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MUMBAI: Colour-Chem has achieved net profit of Rs 2.7 crore for the quarter ended September 30, against Rs 27 lakh in the corresponding previous period.

The net profit for the corresponding previous quarter included a provision for extraordinary expense of Rs 6.50 crore with respect to sale of land in Thane.

Net profit for the six months of the current year rose to Rs 8.90 crore (Rs 8.68 crore). Net sales during the second quarter were marginally lower at Rs 95.77 crore (Rs 101.63 crore).

On Monday, the company's scrip closed at Rs 297 against the previous close of Rs 302.95 on the BSE.

(This article was published in the Business Line print edition dated October 25, 2005)
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