GNFC June quarter net profit at Rs 41.65 cr

Fertilisers and chemicals maker Gujarat Narmada Valley Fertilisers Company (GNFC)on Thursday reported a net profit of Rs 41.65 crore.

MUMBAI: Fertilisers and chemicals maker Gujarat Narmada Valley Fertilisers Company (GNFC)on Thursday reported a net profit of Rs 41.65 crore for the quarter ended June 30, 2011.

The company had reported a net loss of Rs 22.67 crore in the year-ago period, it said in a filing to the Bombay Stock Exchange (BSE).

The net sales of the company in the first quarter of the current fiscal rose by 75 per cent to Rs 644.21 crore as against Rs 367.81 crore in the same quarter previous fiscal.

The company is engaged in manufacturing and selling fertilizers such as urea, ammonium nitrophosphate and calcium ammonium nitrate

Shares of the company today closed at Rs 100.35, up 0.10 per cent from its previous close on the BSE.
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