MMTC second quarter net up 30 percent

October 31st, 2008 - 7:47 pm ICT by IANS  

New Delhi, Oct 31 (IANS) Public sector trading major MMTC Friday said its net profit has grown 30.32 percent at Rs.487.8 million for the second quarter ended Sep 30 against Rs.374.3 million in the corresponding period last year.The net income rose to Rs.124.89 billion for the quarter under review against Rs.59.2 billion in the corresponding period last year.

For the first half of this fiscal, the company has posted a net profit of Rs.1.01 billion against Rs.763.6 million for the same period last year.

The net sales of the company rose to Rs.222.66 billion for the half year from Rs.119.99 billion for the same period last fiscal.

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