Camlin's Growth Run Continues
Profit (PAT) shoots by 87.71% Net Sales soar by 23.60%
Tweet -- Camlin Limited has continued its upward swing and reported Net Sales of Rs. 10588.03 Lacs in Q1 (April to June 09) as against corresponding Net Sales of Rs. 8566.21 Lacs in the previous year’s quarter (April to June, 08) recording a healthy growth of
23.60 %.
Company’s Operating Profit Before Tax and VRS compensation for the quarter ended 30th June 2009 was at Rs 1121.59 Lacs as against Rs 694.51 Lacs for the corresponding quarter of the previous year.
Company Profit After Tax rose by 87.71 % to Rs 801.56 Lacs for the quarter ended 30th June 2009 as against Rs 427.02 Lacs for the corresponding quarter of the previous year. Earnings Per Share for the quarter ended June’09 reached at Rs. 1.34 As against Rs. 0.71 For the corresponding quarter of the previous year.
The Company had recently declared dividend of 30% for the previous financial year 2008-2009.
Announcing these results, Mr.Dilip Dandekar,Chairman & Managing Director stated that last year despite recession Camlin had posted impressive growth & now in a situation when economy is showing signs of revival, we in Camlin have registeredrobust growthby leveraging Back To School Season for meeting our top line & stressed on high contributing products for achiving the bottomline. The dual strategy has worked for us. Today our brands Çamel & Camlin are brimming with youthful energy & have an ability to win, in all seasons and all conditions.