Temptation Foods Q3 net declines 55.53% at Rs 7.87 cr

NEW DELHI: Fruit and vegetables processing company Temptation Foods Ltd (TFL) on Wednesday posted 55.53 percent decline in net profit at Rs 7.87 crore for the third quarter ended December 30, 2010.

The company had a net profit of Rs 17.70 crore in the same quarter last fiscal, it said in a filing to the Bombay Stock exchange.

TIL's sales for the three month period under review declined 22.21 percent to Rs 255.15 crore, compared to Rs 328.04 crore in the same quarter of last fiscal.

TIL processes a variety of vegetables and fruits for Indian market and exports to the US, the UK, Europe and the Middle East.

Shares of the company closed at Rs 17.55 per share on BSE, down 1.40 percent from the previous close.