Monday, October 22, 2007

Gujarat Fluorochemicals Q2 net zooms 55.44%

From myiris:

Gujarat Fluorochemicals (GFL), a diversified company of the INOX Group, with interests in chemicals, refrigerant gases and entertainment, reported an earnings growth of 55.44% to Rs 824.80 million in September 2007 quarter from Rs 530.60 million a year earlier. Earnings per share for the quarter went up 55.4% to Rs 14.25 compared with the same quarter year ago.

Net sales for the quarter surged 47.27% to Rs 1,924.50 million, while total income for the quarter jumped 53.64% to Rs 2,119.50 million, when compared with the corresponding quarter, a year ago.

Commenting on the results, Deepak Asher, group head (corporate finance) said, ``Our results reflect the strong fundamentals of our core businesses, both in terms of growth and profitability. The financial performance in the coming quarters should be stronger, with the commissioning of our Dahej Chemical complex, and improved realizations from our carbon credit business.``...MORE