Friday, July 20, 2007

ICI India Announces Q1 Results

ICI India Ltd has announced the following unaudited Results for the quarter ended June 30, 2007

The Company has posted a net profit after taxation of Rs 228.80 million for the quarter ended June 30, 2007 where as the same was at Rs 181.60 million for the quarter ended June 30, 2006. Total Income (net of excise) is Rs 2398.70 million for the quarter ended June 30, 2007 where as the same was at Rs 2367.20 million for the quarter ended June 30, 2006.

The figures for the quarter are not directly comparable with those for the corresponding period of the previous year mainly in view of divestment of Uniqema business in August 2006. During the quarter, sales from continuing businesses were up by 15%, and segment profit increased by 29%.

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