![]() Financial Daily from THE HINDU group of publications Saturday, Feb 04, 2006 |
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Corporate Results
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Printing Manugraph profit, sales up Our Bureau
MUMBAI: Printing press manufacturer Manugraph India Ltd has reported a net profit of Rs 18.35 crore for the December 2005 quarter compared to Rs 8.77 crore in the year-ago period. Net sales stood at Rs 79.62 crore (Rs 57.99 crore). "With strong internal accruals funding most of the working capital requirements and containing overheads, the resulting low interest burden and indirect costs have significantly contributed to a healthy bottom line, despite competition,'' the company said in a news release. Shares of Manugraph moved down by Rs 2.75 to Rs 280.65 in Friday's trade on the BSE.
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