Kolkata, May 23 (PTI) Century Plyboards net profit for the fourth quarter ending March 17′ jumped 34.4 per cent to Rs 55.91 crore over the corresponding period last year. Also Read - Century Plyboards net profit drops by 36%
Net Revenue from operations for the quarter under review was Rs 488.54 crore, a rise of 9.3 per cent over the corresponding period revenue of Rs 447.06 crore, the company today said. Also Read - Star Cement's 3 promoters sell stake worth Rs 182 cr
“In the Q4 period, we booked forex gain of Rs 14 crore helping our profit to jump by 34 per cent. Despite so many challenges in the last financial year like demonetisation, slowdown in realty and competition from the unorganised sector, we have overcome all of that and ended up with better turnover and better net margin,” Century Ply chairman Sajjan Bhajanka said. Also Read - Plywood industry hopeful of GST respite
He said the first quarter of the current fiscal is showing remarkable growth in demand.
This is published unedited from the PTI feed.