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Century Plyboards Q2 net rises 38pc

Century Plyboards Q2 net rises 38pc Kolkata, Nov 8 (PTI) Century Plyboards on Friday reporteda 38 per cent increase in its net profit to Rs 52.15 crore inthe second quarter of the current fiscal as compared to Rs37.81 crore in the year-ago period.

Its net revenue from operations for the quarter underreview stood at Rs 589.35 crore, up by 4.4 per cent from Rs564.44 crore in the corresponding period of the last fiscal.

Laminates and MDF (medium density fibre) division haveperformed 'exceptionally well' during the September quarter,the company said in a statement, adding that favourable marketconditions, lower commodity prices and better sales volumehave led to an improvement in margin.

Commenting on the companys performance, SajjanBhajanka, chairman, Century Plyboards(I) Ltd said, 'This hasbeen an excellent set of results. It has been a difficult andchallenging business environment for all manufacturers acrossthe country but I think our foray into particle board and MDFhas shown phenomenal results.' PTI DCBDC BDC