Sales rise but profit falls for Greenply

Sales rise but profit falls for Greenply
PTI
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First Published: Mon, Jun 29 2009. 04 24 PM IST
Updated: Mon, Jun 29 2009. 04 24 PM IST
New Delhi: Plywood manufacturer Greenply Industries has reported a marginal decline of 1% in its net profit at Rs8.58 crore for the quarter ended 31 March 2009.
Greenply had a net profit of Rs8.67 crore during the quarter ended 31 March 2008, the company said in a statement.
Net sales of the company grew 10.5% to Rs167 crore for the quarter ended March 2009, as against Rs151 crore in the same period last fiscal.
The company’s net profit for the year ended 31 March 2009, declined 3.6% to Rs37.3 crore as against Rs38.7 crore previous fiscal.
Net sales of the company for the year ended 31 March 2009, increased 33.8% to Rs724.86 crore as compared to Rs541.79 crore in the year-ago period.
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First Published: Mon, Jun 29 2009. 04 24 PM IST